In other recent news, NIO Inc. reported delivering 24,925 vehicles in June, marking a 17.5% increase compared to the same month last year. For the second quarter of 2025, the company delivered a total of 72,056 vehicles, reflecting a 25.6% rise from the previous year. Goldman Sachs has upgraded NIO's stock rating to neutral, citing the company's cost reduction strategy as a key factor. The investment bank anticipates that these initiatives will enhance NIO's profit levels over the next three years. On the other hand, Bernstein SocGen and Barclays have lowered their price targets for NIO, following weaker-than-expected first-quarter earnings and delivery challenges. NIO's first-quarter revenue was RMB 12.0 billion, showing a 21.5% year-over-year increase but a 38.9% decline from the previous quarter. Macquarie also revised its price target for NIO, pointing to concerns about cash burn and increased competition in the market.