NIO, Inc. (China) is a holding company that has as the activity object to design, manufacture and sale of electric vehicles, driving innovations in next generation technologies in connectivity, autonomous driving and artificial intelligence. It delivers premium electric cars like EP9 supercar and ES8 7-seater SUV and takes care for everything around these like home charging, power express valet service, public charging, battery swapping, value added services and everything you might need for your gem electric car.
If I was to compare NIO with another company that runs in this space and with similar quality would be TESLA. So why did I buy into NIO rather than TESLA? The answers are pretty simple:
- NIO is much cheaper and I've entered the market 3 months ago with a small investment
- NIO has more potential as the Chinese market is the biggest in the world
- NIO has the advantage of price over TESLA and the technology advancement over it
My entry point was at $20.51 and the market price at the moment is at @41.63. And that happened in a short interval as I bought the shared on 26-August-2020 and now we are on 8-November-2020, thus less than 3 months.
And in my opinion there is still space for growth for NIO and if in these times of crisis it supported such a growth, just imagine how will it do after the pandemic is over and people will resume their lives. NIO Inc. (NIO - Research Report) is scheduled to unveil third-quarter results on Nov 17, so until than and based on the analysts expectation of positive consistent revenue I am expecting the curve to grow. After announcements even if the revenue will surpass the expectations, I am visioning a slow retrace with some standing still and afterwards to continue its rise.
Even if I am not a financial analyst, a stocks researched I think NIO brings some opportunity and it activates in a market that is expected to change the world by moving from cars with fossil combustion to electric cars. And once they do this transition, it doesn't stop them from going to industrial machines, trucks or any other electric powered vehicle or machine. It is just the beginning of things and this will ensure pushing the research and development and getting best out of the electric powering.