With so much positive news how much longer can they keep down the stock price. Besides getting funding, several new developments can help accelerate Nio's sales.
1. Nio to set up battery asset management company & CATL to be one of investors. So far, Nio has built 137 battery replacement stations, covering 61 cities across...
I am ok with some healthy consolidation but NIO still looks like it has more power.
Today's volume was 440mil! 🤩 Not sure if it had something to do with news yesterday about NIO purchasing a new factory - that's really good for the LT.
I have been holding NIO since the $2's and with fundamentals improving for the company and China's economy recovering fast, the stock price will continue its upward movement, of course with a bit of healthy consolidation. So far so good!