Is Nio About to Shift Into a Higher Gear?

Investing in Chinese electric vehicle (EV) makers such as Nio (NYSE: NIO) is an intriguing option. Heavy government subsidies have led to rapid advancement in battery technology and bringing down costs, which makes for an incredibly competitive EV market in China. In fact, China's market is so far ahead of the U.S. that over half its new vehicle sales were EVs in July.The good news for Nio investors is that the company has momentum and could be about to shift into a higher gear. Let's see what's ahead.Nio has quietly put together a few months of strong delivery numbers. In fact, for six straight months, Nio has delivered over 20,000 vehicles. Nio delivered 20,976 vehicles in October, which was a 30.5% gain from the prior year. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool