The supply-chain constraints that have been crippling world economics, aggravated by the COVID-related lockdown in Shanghai, have weighed heavily on automakers, particularly electric vehicle (EV) makers. Recently, Mizuho (MFG) Securities analyst Vijay Rakesh cooled down his estimates for a slew of EV companies for Q2 as the quarter comes to an end. One of the EV companies to have its estimates cut by Rakesh was Nio (NIO), whose stock price has risen by around 37% this month thus far. The analyst trimmed his estimates for Q2-2022 revenues from RMB 9.8 billion to RMB 9.34 billion.
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NIO (NYSE:NIO)
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