Consider, for instance, that while electric-vehicle sales worldwide in 2018 were already robust at 2 million, that figure. Finally, by 2035, China’s government expects a whopping 60% of newly sold vehicles in the nation to be electric. This range indicates that the stock could go much higher. So Nio is a company in the right place at the right time. China's Nio takes on Tesla with a car half the price of Model X. Learn how you can make more money with IBD's investing tools, top-performing stock lists, and educational content. As of this writing, David Moadel did not hold a position in any of the aforementioned securities. Get instant access to exclusive stock lists, expert market analysis and powerful tools with 5 weeks of IBD Digital for only $5! If you don’t mind taking on some risk with a less hyped company whose stock isn’t well-liked at the moment, NIO stock could be right up your alley. Nio has 143 battery swap stations across 64 cities in China. Perhaps this was one of the considerations when Chinese conglomerate hedge fund Tencent Holdings. So a positive earnings surprise could easily send NIO’s share price closer to its previous peak. The emerging Tesla rival has also set up a new battery company, Wuhan Weineng Battery Asset Company. It gives you an immediate indication of how much higher a stock has been and whether the current price is closer to the historical top or bottom. And when it comes to market growth. Among other electric car stocks, Tesla (TSLA) shot up 6.6% and Li Auto (LI) fell 1.9%. And when it comes to market growth, China has absolutely explosive potential. Battery subscribers would pay a separate monthly fee of $142 (980 yuan) for the battery pack. And his track record has established that he knows a bargain when he sees it. Long-ailing Ford faces new coronavirus challenges with demand and supply... Today's Trump vs Biden poll from IBD/TIPP shows a much tighter race. Here’s what... 10/20/2020 Find Aparna Narayanan on Twitter at @IBDANarayanan. balloon to 56 million electric vehicles sold by the year 2040. Nio (NIO) announced a new service allowing its electric car buyers to rent car batteries for a monthly subscription. Tencent CEO Ma Huateng is basically China’s version of Warren Buffett. on September 24, with expectations rather low. 10/20/2020 Perhaps this was one of the considerations when Chinese conglomerate hedge fund Tencent Holdings (TCEHY) committed to invest $200 million into Nio’s convertible debt. But their departure was unnecessary, in my opinion. If any electric vehicle stock could be a multi-bagger from its current price, my sincerest apologies go to Tesla investors—but I would have to say it’s NIO. For NIO shares, the. It gives you an immediate indication of how much higher a stock has been and whether the current price is closer to the historical top or bottom. Nio stock fell. The NIO stock analysis is one of the most frequently asked questions from you guys here on my YouTube channel so today’ we’re going to take a look at this electric car company that was on the verge of bankruptcy last year, but might have just figured out a battery swap solution for eclectic vehicles, something that its rival, Tesla CEO Elon Musk gave up on back in 2015. If you’re debating whether to buy NIO or TSLA stock, however, you have to narrow your focus. A doubling or tripling of the current price isn’t out of the question, even possibly by the end of this year. Is NIO a better deal today than TLSA? The Chinese government’s vision now seems to suggest a 12-fold increase in electric-vehicles sales by 2035. I know I’m going out on a limb here, and I probably won’t make a lot of friends among Tesla fans with this statement. Whether you’re a die-hard Tesla fan or a newcomer to the electric vehicle market, you’ve picked exactly the right time to explore investing in this emerging sector of the global economy. The former vice president has lost support from Democrats and independents in the 2020 presidential poll update. Tesla does not use swappable batteries, while NIO does. Breaking down the numbers, we see that the Chinese government envisions that 10% of the country’s newly sold vehicles will be electric. You may recall that back in June, China’s, subsidies for electric vehicles shook Nio investors. A quick and simple metric is the 52-week range. $200 million into Nio’s convertible debt. The announcement rattled some NIO stockholders out of the market. But I truly feel that NIO stock has greater upside potential than TSLA. The information and content are subject to change without notice. The Chinese government’s vision now seems to suggest a 12-fold increase in electric-vehicles sales by 2035. Ownership data provided by Refinitiv and Estimates data provided by FactSet. What Do Analysts Expect for Procter & Gamble’s Q3 Earnings? Without owning the battery pack, the ES6 SUV costs roughly $39,500 (273,600 yuan) vs. $49,631 with the pack. You go to the store or shop online, buy the car from Tesla, and it’s yours. Consider, for instance, that while electric-vehicle sales worldwide in 2018 were already robust at 2 million, that figure is expected to balloon to 56 million electric vehicles sold by the year 2040.

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