$NIO BoAML 1Q21 GPM hit a new high; cash burn improves; reiterate Buy Reiterate Rating: BUY | RAISE PO: 60.00 USD GM beat expectation on higher ASP and better mix NIO’s 1Q21 sales up 482% YoY at RMB8.0bn and vehicle deliveries up 423% YOY $LI $TSLA $QS $FSR $GM $F