I am neutral on NIO (NIO) as the company’s robust growth momentum, outlook and strong support from Wall Street analysts are offset by its $51-billion valuation and lack of profitability. NIO is a multinational premium EV manufacturing company based in Shanghai, China. The company was founded by William Li in 2014 and debuted its first sports car, the NIO EP9, on the very day the brand was established. (See Analysts’ Top Stocks on TipRanks) Strengths NIO has a racing arm known as NIO Formula E Team, which is involved in the FIA Formula E Championship, although it no longer funds the team after selling it to the Shanghai Lisheng Racing.
https://www.tipranks.com/news/article/nio-stock-strong-player-in-ev-industry?utm_source=advfn.com&utm_medium=referral
NIO (NYSE:NIO)
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NIO (NYSE:NIO)
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