This is not actually a bottom starting yet. NIO needs to show some up and down sideways action that holds above the low of 8.40. But it is at strong support level from its IPO sideways pattern from 2018. This is a weekly chart so you can see that long-term support, which is both fundamental and technical.
For ALL Electric Vehicle manufacturers, 2023 may possibly be that big growth year. It is important to keep an eye on all new technologies because when the Post-pandemic Renaissance really takes off, the speed at which EV dominates will probably surprise most people.
The top 3 EV companies, Top 3 Semi-conductor companies for EV, the Top 3 companies for major components like solid state batteries, the Top component manufacturers for sensors, etc. are all up for grabs. Nobody has the lead right now.
It is all about who can convert to robots and robotics faster and who incorporates solid state batteries and other component integration to meet demand. Don't worry about charging stations. Those are already being built and incorporated into gas stations everywhere, corporate offices and public transportation.
Even when all above commented is right. it's just a chart matter. An din this case means NOTHING. Only considering sales should be 22/24 per share. You also should consider how many countries in EU are now buying it's cars. the swap technology, the 5 NCAP stars, the NIO phone. The size of the factory, forget that discrimination phrase about "Chinese company", think that no one business still were done in the states, etc, etc. fundamentals everywhere. Some morning this will appear just at double.