Nio Inc.'s stock jumped about 20% following the announcement of its Q4 and full-year earnings due on March 21, marking the first report after launching new mass-market brands, Onvo and Firefly. The company is the third-largest EV manufacturer in China and is noted for pioneering swappable battery technology. Analysts project significant upside potential for the stock, despite its current lack of profitability. Recent software updates have enhanced the user experience for European customers, indicating Nio's commitment to innovation even amidst challenges.
Rising vehicle margins and increasing sales could provide a path to profitability for Nio, especially following the launch of its new mass-market brands.
Despite not being profitable, analysts remain cautiously optimistic, with 15 out of 27 recommending a buy, seeing over 21% upside within 12 months.
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