NIO Stock Is Charging Higher

 NIO Stock Is Charging Higher 26%

Shares in NIO (NYSE: NIO) have been booming for the past year, and the rally has simply refused to stop. Over the past twelve months, NIO shares have risen more than 1,500%, including a 20% pop-up report recently, to an all-time high in October thanks to a major update from JPMorgan, which raised its share value. Target has risen to $ 14, all the way to $ 40.

The reality is that China's auto market is very large. That huge automotive market is increasingly electrified and NIO is the most prominent luxury player in that market. Over the next several years, NIO will sell a ton of premium electric vehicles to Chinese consumers, and as the company does, NIO's shares will keep a strong march.

And that

In a note published in US markets ahead of Wednesday's open, analyst Nick Lye raised the NIO to overweight neutral with a price target of $ 40 above $ 14.

Lai wrote that China's share of the light vehicle market for "new energy vehicles": hybrids, fuel cell vehicles, and electric batteries for China's blanket term will increase and quadruple by 2025. Lye sees a Rising tide, driven in part by Tesla's recent push into the Chinese market, which will lift several ships, including (and perhaps especially) the NIO.

https://dashboards.trefis.com/data/companies/TSLA/no-login-required/ctVNEzco/How-Does-Nio-Compare-With-Tesla-?fromforbesandarticle=trefis201014

Conclusion on neo stock

NIO shares are a long-term winner.

There is no other way to apply it.

The company is emerging as a major premium carmaker in China's soon-to-be-huge and whiny Chinese EV market. As long as the company maintains this favorable competitive position amid growing demand for electric vehicles, the NIO will be worth more than $ 30 billion in the long run.

At the date of publication, Luke Lango did not hold (directly or indirectly) any position in the securities mentioned in this article.

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