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Goldman upgrades struggling Tesla rival Nio, predicts 60% comeback in the stock

Published Thu, Oct 7 20218:48 AM EDTUpdated Thu, Oct 7 202110:03 AM EDT

Hannah Miao @hannahmiao_

Nio plans to begin deliveries of its ET7 electric sedan in 2022.

Evelyn Cheng | CNBC

Goldman Sachs upgraded Nio on Thursday, saying it's bullish on the Chinese electric vehicle maker's new car model.

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