NIO Inc (NYSE: NIO) has launched a battery-as-a-service subscription model under a new entity, Battery Asset Co., in which it will hold a 25% equity stake.The company will own battery assets and lease them to users who subscribe to the BaaS model, which will enable NIO to broaden its addressable market, according to BofA Securities.The Nio Analyst: Ming Hsun Lee maintained a Buy rating on Nio with an $18 price target. The Nio Takeaways: When purchasing an electric vehicle, users can take a monthly subscription on the battery pack under the BaaS model and get a discount on the original price, Lee said in a Thursday note. (See his track record here.)The pricing under the BaaS model is competitive in the premium electric vehicle segment, the analyst said. "The BaaS model would enable NIO users to enjoy lower initial purchase prices, flexible battery upgrade options (to 100kWh battery pack which will...
DraftKings stock fell after the remainder of the New York Mets and New York Yankees series became postponed. Yahoo Finance's On The move panel weigh in. ...
GreenWood Investors recently released its Q2 2020 Investor Letter, a copy of which you can download here. Steven Wood, CFA founded Greenwood Investors, LLC in 2010. This year so far the fund has underperformed its benchmark the MSCI ACWI All Cap. You should check out GreenWood's top 5 stock picks for investors to buy right […]...
