Electric vehicle investors are well aware that
NIO
stock has had a tough 2021, in part because the company had no new models while rivals including
XPEV
and
LI
launched new or substantially revised vehicles. But with the ET5, the ET7's launch confirmed for March, and at least one more new Nio expected before the end of next year, 2022 is already shaping up to be a different story. That, and not the latest COVID variant, is what Nio investors should be focused on right now.
Shares of Nio set their all-time high back on Jan. 11, when they traded at $66.99. On this Tuesday, the stock is down over 50% from that all-time high.
What's more important, the company delivered 24,439 EVs in the third quarter of this year, doubling the number of EVs delivered during the same period last year. As of Nov. 30, cumulative deliveries of NIO’s three models have surpassed 156,000 vehicles.
On the other hand, NIO has already penetrated the European market, with Norway serving as a launching platform. Nonetheless, at the NIO Day, the company shared plans for further expansion overseas. The company plans to tap into Netherlands, Sweden, and Denmark in 2022, and by 2025, it plans to expand to more than 25 countries and regions globally. The business data will probably be better in 2022.
Is NIO set for a comeback? The stock is still valued higher than it's competitors in China, Li Auto and Xpeng, so it's possible it may continue to trade sideways for sometime.
NIO
stock has had a tough 2021, in part because the company had no new models while rivals including
XPEV
and
LI
launched new or substantially revised vehicles. But with the ET5, the ET7's launch confirmed for March, and at least one more new Nio expected before the end of next year, 2022 is already shaping up to be a different story. That, and not the latest COVID variant, is what Nio investors should be focused on right now. Shares of Nio set their all-time high back on Jan. 11, when they traded at $66.99. On this Tuesday, the stock is down over 50% from that all-time high.
What's more important, the company delivered 24,439 EVs in the third quarter of this year, doubling the number of EVs delivered during the same period last year. As of Nov. 30, cumulative deliveries of NIO’s three models have surpassed 156,000 vehicles.
On the other hand, NIO has already penetrated the European market, with Norway serving as a launching platform. Nonetheless, at the NIO Day, the company shared plans for further expansion overseas. The company plans to tap into Netherlands, Sweden, and Denmark in 2022, and by 2025, it plans to expand to more than 25 countries and regions globally. The business data will probably be better in 2022.
Is NIO set for a comeback? The stock is still valued higher than it's competitors in China, Li Auto and Xpeng, so it's possible it may continue to trade sideways for sometime.