If you are a fan of companies such as General Motors, Lucid, and Ford and you want something more and better, then you should pay attention to the Chinese competitor of all the above-listed companies – NIO. This company is engaged in the production of electric cars in China. The shares of the Chinese firm are not cheap, but it will release numerous new catalysts in 2022. For almost two months, the stock has been fluctuating at $30. In the new trading session, NIO opened at $29.72.
NIO, together with its associates, is trying to double the capacity of its activities. And by mid-2022, the business will be able to produce more than 240,000 electric vehicles each year. A portion of the new capacity will be exported from China. In March, it is planned to launch the delivery of the new ET7 electric sedan. And in September, the company will start producing the ET5, a mid-size sedan. Buyers in the coming days can already book these cars. Everyone, and especially potential investors, should pay attention to the fact that this is a good start. The profit may start soon.