On September 14, NIO-SW rose 3.16% in regular trading, trading at 29.42 HKD/share, with turnover of 110 million HKD, as the broader auto sector strengthened.

On the news front, UBS recently initiated coverage on NIO-SW with a \"Buy\" rating and a target price of 43 HKD, implying approximately 46% upside from the current price. UBS projects NIO's revenue to reach 131.663 billion RMB and expects the company to turn profitable by next year with a net profit of 1.684 billion RMB. The bank highlighted that product portfolio upgrades — including refreshed models of the ES6 and ET5 transitioning to newer platforms, combined with the commercial success of flagship models ES8 and ES9, and the network benefits of nearly 5,000 battery swap stations — will serve as the core growth engine driving revenue growth and margin improvement.

Additionally, NIO announced that the new-generation ES8 reached its 150,000th delivery this week, achieving the milestone in roughly one year since launch. This follows NIO's Q2 results showing 107,658 deliveries with Non-GAAP profitability for a third consecutive quarter, and an average selling price of 406,000 RMB for the NIO brand, surpassing Mercedes-Benz, BMW, and Audi.

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