In a fiercely competitive arena, Nio (NYSE:NIO) has actually been a pick of mine in the past. The company’s growth potential, in the highly coveted Chinese EV market, remains compelling for long-term investors. There are various demographic and secular tailwinds supporting the company, though Chinese growth concerns have eaten into much of that argument.Additionally, I’ve grown more bullish on the company’s key competitors, BYD Co. (OTCMKTS:BYDDF) and Li Auto (NASDAQ:LI), on a relative basis. BYD’s Q4 2023 ...

The last sixty-odd weeks have been tough for the electric vehicle (EV) industry and a slowdown in demand – and pivot hybrid models – forced manufacturers to lower prices and saw their shares decline significantly in the stock market. Perhaps the most alarming developments stemming from the trend have been analyst predictions that Tesla (NASDAQ: TSLA) might find its stock crashing to about $23, the fact that Elon Musk’s company sold only one car in South Korea in January, and Lucid (NASDAQ: LCID) losing its ...

NIO Inc. (NIO) closed the most recent trading day at $5.82, moving -0.68% from the previous trading session. The stock's performance was behind the S&P 500's daily gain of 0.06%. On the other hand, the Dow registered a gain of 0.13%, and the technology-centric Nasdaq increased by 0.24%.The the stock of company has fallen by 20.92% in the past month, lagging the Auto-Tires-Trucks sector's loss of 5.93% and the S&P 500's gain of 6.45%.Analysts and investors alike will be keeping a close eye on the performance ...

Industry experts are expecting a lot from the electric vehicle market. Studies suggest that by 2030, EVs will represent around 60% of global vehicle sales, which tells us that there is room for growth that any investor can be a part of. While the industry may be a tough market to dominate, some companies show tremendous potential. All that’s left to do is find the best ones. So, here are three underrated EV stocks that might fuel portfolio growth. Rivian (RIVN)Source: Miro Vrlik Photography / Shutterstock.c ...

As the company continues to falter, it’s time to reevaluate any bullish Nio (NYSE:NIO) stock forecast. The Chinese EV market has become very competitive. So much so that it may be hard for Nio to compete in the future.Below are three reasons why I believe NIO is a sell.Nio Stock Forecast: Look at the CompetitionNIO is playing in a hypercompetitive space, and the company will need to grab market share from both smaller competitors like Xpeng and massive ones like BYD, the world’s top EV maker in 2023. In Q4 ...

Shares of Nio (NYSE:NIO) stock are in the spotlight after the company announced that it had added CYVN Holdings Chief Investment Officer (CIO) Eddy Georges Skaf to its board of directors. Nio also added Forseven Limited CEO Nicholas Paul Collins to its board, while James Gordon Mitchell has resigned from his position as a board member. All three changes are effective as of today, Feb. 7.Back in December, CYVN, an Abu Dhabi investment vehicle, agreed to invest $2.2 billion into the Chinese electric vehicle ( ...

SHANGHAI, China, Feb. 07, 2024 (GLOBE NEWSWIRE) -- (NYSE:NIO, HKEX: 9866, SGX: NIO))) ("NIO" or the "Company"), a pioneer and a leading company in the premium smart electric vehicle market, today announced that Mr. Eddy Georges Skaf and Mr. Nicholas Paul Collins have been appointed as new directors by the Company's board of directors (the "Board"), with effect from February 7, 2024. In addition, Mr. James Gordon Mitchell has resigned as a director of the Company, effective February 7, 2024. Mr. Eddy Georges ...

Nio (NYSE:NIO) stock is up almost 10% today after Chinese regulators released a series of encouraging announcements meant to uplift investors amid the recent slowdown in Chinese equities. Indeed, Chinese stocks are up across the board after Central Huijin, a branch of China’s sovereign wealth fund, stated it would increase investments in exchange-traded funds (ETF). Additionally, the China Securities Regulatory Commission announced its plans to motivate institutional investors to hold common stock for longe ...

A NIO auto store is seen in Yantai, Shandong Province, China, on January 31, 2024. (Photo by ... [+] Costfoto/NurPhoto via Getty Images)NurPhoto via Getty ImagesChinese luxury electric vehicle maker Nio stock delivered 10,055 vehicles for January, marking an 18% increase from 8,506 a year ago although it was down almost 44% from 18,012 units delivered in December. While year-over-year sales growth was likely driven by higher sales of the updated ES6 SUV, which launched in early 2023, as well as year-end sal ...

Toyota (NYSE: TM) stock price has surged to a record high even as most EV companies like Tesla, Nio, and Xpeng are languishing. The shares have risen in the past two straight weeks and moved to its highest point on record, valuing the Japanese automaker at over $268 billion. They have soared by over 60% from their lowest level in 2022.Tesla, in contrast, has plunged by over 50% from its all-time high and over 25% this year. Other EV stocks like Nio, Xpeng, Lucid, and Rivian have also plunged, costing invest ...