CRASH_news auto

Goldman Sachs upgraded NIO to Buy and raised its price target to $7 , citing stronger deliveries, improving margins and a potential return to profitability and free cash flow in 2026   NIO ES9 Goldman Sachs has turned bullish on NIO, upgrading the Chinese electric-vehicle maker to “Buy” from “Neutral” and lifting its price target to $7 from $6.60, a move that points to roughly 46% upside from last Friday’s close. In a research note, Goldman analyst Tina Hou said NIO is positioned to be one of the fastest-growing new energy vehicle makers in the bank’s coverage, supported by a stronger product cycle, improving margins and a potential turnaround in profitability and free cash flow in 2026. The bank forecasts NIO’s 2026 deliveries to rise 43% year on year , while revenue is expected to increase 60% . It also projects a swing to non-GAAP net profit of RMB 1.6 billion ($235.98 million) in 2026, compared with a non-GAAP net loss of RMB 12.4 billion ($1.83 billion) in 2025. Free ca...

William Li, founder, chairman and CEO of NIO Inc, returned to his alma mater Peking University on Thursday, speaking as an alumni representative at the commencement ceremony for the class of 2026. Li graduated from Peking University's sociology department in 1996 , making this year the 30th anniversary of his graduation.  In his speech, Li said he had encountered six major low points since graduation and chose to share three of them with students, framing each as a lesson in entrepreneurial judgment.  The first lesson: survive the first failure  The first setback came almost immediately after graduation. In April 1996, months before receiving his degree, Li and two classmates founded Nanji Technology , one of China’s early internet virtual-hosting service providers.  When his co-founders later left for further studies overseas, Li was left to keep the company running on his own. He recalled sleeping on a conference table after late-night showers and clearing away...

ONVO is trying to move beyond the perception that it is merely a cheaper NIO , as stronger sales, new models and tighter group integration turn the family-focused EV brand into a key test of NIO’s multi-brand strategy  The updated ONVO L60 SUV Speaking in June 2026, ONVO President Shen Fei pushed back against the market perception that "people only buy ONVO because they can't afford NIO”. He described that perception as an early misunderstanding. ONVO’s buyers, he argued, are not simply trading down from NIO. Many are middle managers with adequate purchasing power who are looking for a car that fits family use, rather than a badge that signals premium status. The distinction matters because ONVO was created to give NIO a route into China’s mainstream family EV market , especially the 200,000 to 300,000 yuan price band. Its first model, the L60, went on sale in September 2024 from 206,900 yuan and quickly showed promise, passing 10,000 deliveries by its third full month on t...

NIO’s compact EV brand sold out its limited “Pixel Player Special Edition” in a very short time, reinforcing the effectiveness of a marketing strategy built on distinctive design , a young urban target audience and strong visual identity  Pu Yang, Firefly's Head of Brand Marketing, with a Pixel Player Special Edition Firefly EV Firefly, NIO’s compact electric vehicle brand, said its newly launched limited edition sold out in a very short time. The result points to a particularly positive market response to a marketing strategy inspired by retro gaming aesthetics and designed to appeal to a young urban audience. According to Pu Yang , Firefly’s head of brand marketing , the compact EV known as the “Pixel Player Special Edition” sold out in less than eight hours after sales opened. The series was limited to 333 units and, according to management, the pace of orders exceeded initial expectations. The special edition was priced at 135,800 yuan , or about USD 20,050, which is 16,000...