Better Buy: NIO vs. Niu Technologies
For investors seeking growth stocks, one of the common places to turn is China, a market that holds the promise of continued growth for many years to come. Other investors with the same mindset recognize the electric-vehicle (EV) market as a significant opportunity. According to the Bloomberg New Energy Finance (NEF) report, for example, global EV sales are forecast to rise from 2 million in 2018 to 56 million by 2040.
Whether you're interested in growth stocks or Chinese companies or EV-oriented businesses, NIO (NYSE: NIO) and Niu Technologies (NASDAQ: NIU) are two stocks that might very well be on your radar. Considered the "Tesla of China," NIO manufactures premium EVs. Niu Technologies -- dubbing itself "world's leading provider of smart urban mobility solutions" -- manufactures high-end electric scooters.
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Source Fool.com
