What happened Shares of Chinese electric-vehicle maker NIO (NYSE: NIO) were moving higher on Monday, amid a broad U.S.-market rally and following a bullish note from a J.P. Morgan analyst. As of 11 a.m. EST, NIO's American depositary shares were up about 6.2% from Friday's closing price. So what In a new note on Monday morning, J.P. Morgan analyst Rebecca Wen raised her price target on NIO to $46 from $40, while maintaining an overweight rating on the shares. Wen wrote that she believes that NIO will be a "long-term winner" in China's upscale-electric-vehicle market, with a roughly 30% share of the segment by 2025. She believes that "a high valuation can be justified," as NIO is transforming its business model to capture additional revenue through its "platform and content offering," in addition to direct sales of vehicles. As of last Friday, NIO had 158 of its automated battery-swap stations up and running in China. The stations can "recharge" a NIO vehicle by swapping its battery in about three minutes. Image source: NIO. NIO said on Friday that it's adding a 100 kilowatt-hour (kWh) battery pack as an upgrade option to its subscription battery-swap service. Earlier this year, the company rolled out the service, which allows consumers to purchase a NIO vehicle without a battery pack (and thus at a substantial upfront discount), while paying a monthly fee for access to the company's automated battery-swap stations. Now what Auto investors following NIO will want to pay close attention to the company's third-quarter earnings report, scheduled for next Tuesday, Nov. 17. The earnings report itself should be good -- NIO's sales hit record levels in the quarter. But the real news, given the company's recent fast pace of innovation, may be around its outlook for the remainder of 2020 and into next year. 10 stocks we like better than NIO Inc.When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and NIO Inc. wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of October 20, 2020 John Rosevear has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Source