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Page 3 - சர்வதேச தானியங்கி கண்காட்சி News Today : Breaking News, Live Updates & Top Stories | Vimarsana

FREE TO READ - Global pandemic sector recovery briefing

The auto industry, like others, is now recovering from an unprecedented crisis As we enter a recovery phase around the world, we aim to bring you the latest news and intelligence on the speed, nature and shape of the automotive sector s recovery from the COVID-19 pandemic. This regularly updated article follows on from our COVID-19 daily update article that covered rapidly unfolding crisis developments and their immediate impact on autos (first published March 12). Check back for: Live feed (latest coverage at the top) Also, please see the Coronavirus Hot Topic for a full list of articles published on just-auto on this topic

EV automaker Nio unveils a luxury sedan to compete with the Model S

During its fourth annual Nio Day on Saturday amidst performances by composer Shi Lei Chang and musician Wang Feng the Chinese automaker revealed its latest EV model, the ET7 sedan. Nio Days have become de facto launch events for the company. At the first one in 2017, Nio unveiled its first production model, the ES8 EV SUV, followed by the ES6 longer-range EV SUV at the 2019 event as well as the EC6 EV coupe.

NIO Stock Is Falling Following a Secondary Offering at $39 a Share

Brokers remain optimistic about NIO’s future. Two-thirds of analysts covering the stock rate shares Buy. The average Buy-rating ratio for stocks in the Dow is about 58%. What’s more, the average analyst price target is $46 a share, but that was set before the secondary announcement. Any adjustment for new shares would likely be small. Deutsche Bank analyst Edison Yu rates share Buy and has a $50 price target, even after the secondary sale. He wrote that the company didn’t need the money, but is adding “ammo to the war chest.” He said the recent stock pullback represented a “sanity check given valuations and a flood of issuance coming from EV-related SPACs.”

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