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flag NIO shares surged 16.9% on Friday after its first quarterly profit and strong delivery numbers, boosted by HSBC’s upgraded rating.

flag NIO shares rose to $5.82 on Friday, gaining 16.94% from HSBC’s upgrade to “Buy” and a raised price target to $6.80, fueled by the company’s first quarterly profit, record deliveries, and progress in battery-swap technology and in-house chip development. flag Despite mixed analyst ratings and risks from supply chain costs and global expansion, NIO’s strong fundamentals and strategic initiatives drove investor interest.

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