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Business
NIO Shares Drop Overnight Amid 500th Guangdong Swap Station Launch, Yet Goldman Projects 96% Upside
✍️ Asianet Newsable
🗓 12 Oct 2026, 05:17 PM
👁 21
NIO's shares fell overnight after the company announced its 500th battery‑swap station in Guangdong, but Goldman Sachs remains bullish, forecasting a 96% upside on a projected profit turnaround.
NIO Inc. saw its shares decline during after‑hours trading following the announcement that the company would open its 500th battery‑swap station in Guangdong province. The move, part of NIO’s strategy to expand its charging infrastructure, was met with a negative market reaction.
Despite the drop, Goldman Sachs analysts have maintained a positive outlook on the automaker. They project a 96% upside for NIO’s stock, citing an anticipated turnaround in profitability as the company’s sales and cost structures improve.
The overnight slide reflects investor caution amid broader market volatility, but the firm’s long‑term growth prospects remain a key focus for analysts. NIO’s expansion of swap stations is seen as a step toward boosting customer convenience and supporting the company’s electric‑vehicle sales momentum.
Investors will be watching the company’s next earnings report closely to gauge whether the infrastructure expansion translates into stronger financial performance.
Despite the drop, Goldman Sachs analysts have maintained a positive outlook on the automaker. They project a 96% upside for NIO’s stock, citing an anticipated turnaround in profitability as the company’s sales and cost structures improve.
The overnight slide reflects investor caution amid broader market volatility, but the firm’s long‑term growth prospects remain a key focus for analysts. NIO’s expansion of swap stations is seen as a step toward boosting customer convenience and supporting the company’s electric‑vehicle sales momentum.
Investors will be watching the company’s next earnings report closely to gauge whether the infrastructure expansion translates into stronger financial performance.