CICC
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Chinese investment bank CICC raises NIO price target by 206% to $52
CICC expects NIO to sell nearly 400,000 vehicles by 2025 due to NIO's improving product portfolio and increasing penetration of new energy and luxury vehicles.
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CICC raises Li Auto price target by 86% to $40
Chinese investment bank CICC raised its price target on Li Auto by 86% to $40, which corresponds to 28% upside potential in the current share price, and maintained its Outperform rating, citing Li Auto's strong cost control and efficient operations.
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CICC initiates coverage of Niu Technologies with Outperform rating and $31 price target
Chinese investment bank CICC on October 14 initiated coverage on Niu Technologies (NIU), giving the company an Outperform rating and a price target of $31.00, corresponding to 30x 2021 P/E.
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CICC: Global new energy vehicles show inflection point of growth
Since the autumn, the global new energy vehicles to establish a growth inflection point, China investment bank CICC said, adding the medium- and long-term development path is clear.
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CICC sees room for NIO, Li Auto, and Xpeng shares to rise as their market caps far away from Tesla
NIO, Li Auto and Xpeng Motors have a combined market capitalization of $50 billion, while Tesla has a market capitalization of $450 billion, meaning the three Chinese electric car companies have room to rise, according to CICC, a Chinese investment bank.
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Chinese investment bank CICC raises its NIO target price again, as it sees three benefits of BaaS
NIO recently launched its BaaS (Battery as a Service) battery rental service. Chinese investment bank CICC believes that this will improve the company's gross margin, thus injecting new momentum into its car sales and performance improvement.
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Chinese investment bank CICC raises NIO price target to $15
Chinese investment bank CICC raised its price target on NIO as the Chinese EV maker added a record number of new orders in July.