Nio: Buy, Sell, or Hold?
Nio (NYSE: NIO) is a fast-growing Chinese electric vehicle (EV) manufacturer looking to capitalize on a rapidly expanding market opportunity with its focus on high-performance electric SUVs and sedans.
According to a report published by Frost Sullivan, China's electric vehicle (EV) market is expected to grow by 16% compounded annually through 2030. However, before you scoop up shares in the EV maker, there are some things you should consider first.
Founded in 2014 and headquartered in Shanghai, Nio is one of several companies leading the charge in the EV revolution. As of last year, Nio is China's fifth-largest pure EV brand, with sales of approximately 160,000 units, capturing about 3% of the market share. Industry leader has set the pace with 1.3 million EV sales, followed by Tesla at 603,000.
Source Fool.com
BYD Co. Ltd Stock
Currently there is a rather positive sentiment for BYD Co. Ltd with 17 Buy predictions and 5 Sell predictions.
With a target price of 15 € there is a positive potential of 43.33% for BYD Co. Ltd compared to the current price of 10.47 €.
