$NIO Inc (NIO.US)$$XPeng (XPEV.US)$ [Share Link: Nio Eyes Re...

Nio eyes return to glory. Its EV sales are set to accelerate.

Morgan Stanley wrote expect 15,000 Nio deliveries in July. They cited a production ramp-up of new models including the ES6 SUV and ET5 sedan. That would mark the second month-over-month sales acceleration for Nio.

After a strong July, Nio should see "a steady uptrend toward Sep" when the startup is targeting 20,000 EV deliveries.

MS reiterated a buy rating on Nio shares and tp of USD20.

Nio aims to double EV sales in 2023.

Goldman Sachs initiated coverage of XPeng with a buy rating and tp of USD18.10. They cited the G6 launch and declining battery prices.