NIO Notches a Huge Win in a Bumpy 2019
Many investors are shying away from the automotive industry as the two largest markets, the U.S. and China, post slowing overall sales. But don't overlook the fact that electric vehicles continue to gain market share and what that could do for certain companies and their stocks.
One compelling company, albeit a young and risky one, is NIO (NYSE: NIO), a manufacturer of premium electric vehicles (EVs) in China. As the country's government continues to heavily push EVs as a way to relieve massive pollution problems, companies like NIO have compelling potential to thrive long term.
But 2019 has been a large speed bump for the company, due to factors we'll cover in a moment. Yet that hasn't stopped it from notching a huge win recently, which should have investors hopeful.
Source Fool.com
