Based on Technical Analysis, the idea is to go long, but there might be a potential setback before going up.
NIO
Nio Inc – ADR (NYSE: NIO) on Friday launched its 100 kilowatt-hour battery and also announced battery upgrade plans at a an event in Beijing, underlining its accent on innovation and services.
Nio's 100-kWh Battery: Nio said its 100-kWh battery features cell-to-pack technology, realizing 37% higher energy density, and the new battery increases the NEDC range of Nio vehicles to 615 km.
In 2018, the company launched a 70-kWh battery, which was enhanced to 84 kWh in 2019.
Reports suggest that the company is also working on a 150-kWh battery that could be announced at the Nio Day scheduled for January. This would increase the NEDC range of the company's models to more than 900 km.
NIONio Inc – ADR (NYSE: NIO) on Friday launched its 100 kilowatt-hour battery and also announced battery upgrade plans at a an event in Beijing, underlining its accent on innovation and services.
Nio's 100-kWh Battery: Nio said its 100-kWh battery features cell-to-pack technology, realizing 37% higher energy density, and the new battery increases the NEDC range of Nio vehicles to 615 km.
In 2018, the company launched a 70-kWh battery, which was enhanced to 84 kWh in 2019.
Reports suggest that the company is also working on a 150-kWh battery that could be announced at the Nio Day scheduled for January. This would increase the NEDC range of the company's models to more than 900 km.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.