Can NIO (NIO) Stock Take The Lead In The Market Of Electric Vehicles?

Today, NIO stock is trading at $46.42, demonstrating a positive tendency for growth. For the last 5 days, the NIO stock increases by 4.75% rising from $44.37 to $46.42. An overall month dynamic illustrates the NIO stock popping from $33.01 and showing a 40.80% growth rate.
The road gets bumpy for billionaires investing in China's electric cars |  The Japan TimesThe firm continues to increase sales in China, the world’s largest automobile market and the 1 with the biggest promise for electric vehicles. However, NIO just announced ambitions to expand into Europe, another large market. What was once a stock with a market valuation of almost $100 billion has plummeted by around 25%. That does not make it cheap, but with what appears to be a firm that may develop for decades, a higher-risk investment might be justified.
In 2020, compared to the previous year, vehicle deliveries climbed by 113%. NIO, on the other hand, delivered 20,060 vehicles in the first quarter of 2021, a 423% increase year over year. The company’s output, like that of many other manufacturers, has recently been hampered by a global semiconductor chip shortage. But, if that’s only a short-term effect, there’s much more to come.

Jack Dawkins

Finance and Tech Contributor

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