0617 GMT - Operating efficiency is important for NIO, Nomura analysts write in a note. The company must achieve both shipment growth and improvements in operating efficiency at the same time, but this presents a dilemma, the analysts say. Given the intense competition and its 4Q loss-making results, Nomura remains cautious on the Chinese EV maker. While the company is likely to remain loss-making in 1Q, it is approaching the breakeven point, they say. Nomura maintains a neutral rating on the stock but cuts the target price to $5.00 from $7.50. Shares last closed at $4.50. (jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
March 24, 2025 02:17 ET (06:17 GMT)
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