US Stocks Movement | NIO rises over 2% pre-market as ES9 orders exceed expectations; Deutsche Bank raises full-year sales forecast

Golden Ten Data April 27th｜NIO (NIO.US) is up 2.42% pre-market, trading at $6.36. In the news, on April 24th, the 19th Beijing International Auto Show opened. Lyon released a Beijing Auto Show report stating that although domestic car market demand remains weak, this year's Beijing Auto Show is twice the size of last year, with 160 new models unveiled. Automakers are leveraging the domestic market as a foundation to boost new energy vehicle exports. Among the highlights at the show were BYD's "Datang", "Haishi 08", Geely's "Jikr 8X", Leapmotor's "A10", and NIO's "ES9", which received the best response. Deutsche Bank issued a research report indicating that NIO officially began ES9 presales on April 9th, with a starting price of 528,000 RMB, and the new vehicle is expected to start deliveries by the end of May. Channel surveys suggest that cancellable orders nationwide have reached around 40,000 units. Dealers predict that ES9's nationwide monthly sales could exceed 5,000 vehicles. Based on better-than-expected ES9 orders, the bank has raised its full-year sales forecast for NIO by 5% to 420,000 units; it expects average monthly sales of ES9 to reach around 5,000 units as production ramps up in the second half of the year. Consequently, the bank has sharply cut its net loss forecast for NIO by 49.6% to 3.665 billion RMB for the year.