0941 GMT - NIO's cost control benefits will continue materializing in the coming quarters, increasing the likelihood of an upside surprise in operating profit and easing investor concerns over persistent net losses and cash burn, DBS analysts say. The company's cost reduction efforts are showing tangible results, with 4Q 2025 research and development expenses declining 44%, showing progress from management's recent corporate restructuring and workforce streamlining, they say, noting the company's newly launched models ES8 and ONVO L90 have shown improved sales momentum. If upcoming 2026 models replicate this success, it could trigger a fresh re-rating for the stock. DBS upgrades the stock's rating to buy and lifts the target price to HK$60 from HK$52. (jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
March 17, 2026 05:41 ET (09:41 GMT)
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