Where Will Nio Stock Be in 1 Year?

Nio (NYSE: NIO), a leading maker of electric vehicles (EVs) in China, currently trades more than 40% below its initial public offering (IPO) price of $6.26 per American depository receipt (ADR) from Sept. 12, 2018. It's also dropped 90% from its record closing high of $62.84 per ADR on Feb. 9, 2021.Nio initially impressed investors with its rapid expansion and usage of swappable batteries as a faster alternative to traditional charging stalls. But its growth slowed down as it faced tougher competition, China's economy cooled off, and higher tariffs crimped its ambitious expansion into Europe. It also burned cash and racked up persistent losses.Image source: Nio.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool