Nio is on watch with attractive buying opportunity called out by Deutsche Bank

Nio(NYSE:NIO)is a new addition to the fresh money list at Deutsche Bank on what it calls an attractive buying opportunity heading into the new year.

Analyst Edison Yu: "With the stock having underperformed materially in recent months, we see a great entry point setting up for a pivotal 2022. Investor sentiment has been lackluster due to lack of new vehicles and supply chain constraints, and most recently, the heightened US delisting risk. We believe these headwinds can all reverse in the coming 12 months with NIO launching 3 new models over the next 12 months and boosting manufacturing capacity from 120k to 600k."

Yu points to a big year for the ET5 model in particular.

Deutsche Bank keeps a Buy rating on the Chinese EV stock.