Many stocks that found 2021 hard going will be eyeing a comeback in 2022 and you can add Nio (NIO) to that list. In what was generally a catalyst-free year, and driven by a slew of negative macro developments, shares of the Chinese EV maker sunk by 38%. However, Deutsche Bank’s Edison Yu anticipates a very different 2022 will unfold. “We expect NIO's marquee product developmental efforts to become reality in 2022, which in our view should help the stock recover,” the analyst said.
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NIO (NYSE:NIO)
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NIO (NYSE:NIO)
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From May 2021 to May 2022 Click Here for more NIO Charts.