2 Reasons Nio Is a Buy Now
If you listen to the general narrative in the automotive industry, it's a dire one that warns of highly affordable and advanced Chinese electric vehicles (EVs) sweeping the globe in dominating fashion. There's certainly a lot of truth to that narrative, but many promising EV companies in China are busy battling themselves amid a brutal price war.
(NYSE: NIO) is included, and despite the ongoing Chinese price war, the company has a couple of reasons for investors to remain optimistic.
For many investors, it feels like a double edged sword when it comes to Nio's battery swap ambitions. On one hand, it gives the company a unique competitive advantage since it has built out a leading battery-as-a-service network. On the other hand, it's quite an expensive endeavor for a company burning cash as profits remain in the distance.
Source Fool.com
NIO Inc. Stock
The community is currently still undecided about NIO Inc. with 0 Buy predictions and 1 Sell predictions.
A potential of -44.65%, resulting from comparing the current price of 5.42 € with the target price of 3 € for NIO Inc., shows the chance of incurring significant losses.
