＜Research＞M Stanley: Recent Good Operations at NIO (NIO.US) Helps Ease Mkt Concerns

　　Morgan Stanley issued a research report, highlighting that NIO (NIO.US) (09866.HK) -1.700 (-4.558%) Short selling $24.57M; Ratio 43.933% 's CFO Feng Wei has resigned for personal and family reasons, while Senior Vice President of Finance Qu Yu has been promoted to take over the CFO position.

　　While changes in senior management are rarely positive news, the broker believed NIO's recent solid operations should help allay market concerns, thus preventing any panicky market reaction. The broker did not expect the change to disrupt the company's current operations or future financing plans.

　　Morgan added that NIO's order book has been stable at around 5,000 units per week. Gross margins are expected to meet the automaker's double-digit guidance in 2Q as mix or scale improves and promotions on certain models are reduced. In addition, the broker considered the Onvo L60 model to remain an important share price catalyst for the group.

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-05 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)