Futu News reported on September 30 that after yesterday's surge of more than 10% and intraday stock prices reaching a record high, NIO rose 2.3% today to $21.33 in the pre-market. The stock price is expected to reach a new high.

Deutsche Bank released a report saying that NIO Auto may become the next iconic car brand. Edison Yu, an analyst at the bank, said that more and more customers think that NIO is the high-end brand with first-class technology and service among similar products. Meanwhile, in a recent study on the preferences of major electric vehicle brands, NIO's referral rate was as high as 62%. The study showed that customer preferences for NIO were as high as BMW and Mercedes Benz.

Edison Yu said that with the increase in BEV (pure electric vehicle) penetration rate and the increase in word of mouth, consumers will become more aware of NIO's products and services, and he believes NIO can have a higher share in the high-end market. According to the report, NIO's delivery volume in the third and fourth quarters is expected to reach record highs, driven by its SUV EC6. Deutsche Bank maintained its “buy” rating on NIO and maintained its target share price of $24.