0646 GMT - NIO may need to raise more funding for the rest of this year, Nomura analysts write in a note. The Chinese automaker keeps its plan to improve gross profit margin as its top priority rather than shipment volume. NIO faces challenges in its financials, Nomura says. The brokerage remains cautious on NIO's 2025 business plan to achieve strong sales growth with new model launches alongside cost-reduction efforts. If NIO can reach monthly sales of 25,000 units for each of its NIO and Onvo brands into 4Q, there could be re-rating opportunities ahead. Nomura maintains its neutral rating and target price at $5.00. Shares last closed at $3.53. (jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
June 04, 2025 02:46 ET (06:46 GMT)
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