NIO’s Stock To Shoot Up Soon Whilst Intending New Global Partnerships

Many companies in the EV industry have been recently dropping at high speed. These stocks eventually made into the correction state, NIO comes next with a great drop by 12% in the previous sessions. But according to analysts, it might soon rise by 90%. That event helped boost the stock price of NIO. HSBC raised its price target on NIO to $54, which means an 87% strike from its preceding price at the close in the last trading session. According to the bank, the company’s robust growth will continue in the near term. NIO will make new car models in 2022, and eventually add a new product line this year.

NIO

NIO noted that it will start receiving orders for its ET7 luxury sedan in March, and its first shipment of the ET5 hatchback will take place in September 2022. The company’s partnership with Baosteel allows it to secure the necessary supplies for its future growth. According to Li, having a global partner like Baosteel will allow Nio to work seamlessly with its suppliers and customers globally.

Anthony Gonzales

Biotech, Tech, and Crypto reporter Anthony Gonzales brings 3 years of experience in helping grassroots, mid-sized organizations and large institutions strengthen their management and resource generating capacities and effectively plan for the future. He is also a mentor and professional advisor to artists working in all disciplines. He is the gold medalist from St. Marco University of Science and Technology in the Bachelors of Financial Management as well.

Anthony Gonzales has 1700 posts and counting. See all posts by Anthony Gonzales