Here's Why Nio and Ford Could Be 2023's Top EV Growth Stocks
Some of the battered electric vehicle (EV) stocks are already regaining ground in 2023 after last year's rout. Nio (NYSE: NIO) stock plunged 69% in 2022, while Ford (NYSE: F) lost almost 44% value in the year. As of this writing, both stocks are already up around 24% each barely a month into 2023.
Although the markets overall are off to a good start this year, Nio and Ford have their own catalysts driving their shares, and there are solid reasons why both stocks could rally even higher and turn out to be among the hottest EV growth stocks of 2023.
Ford's F-Series has been America's best-selling truck for 46 consecutive years now. Ford is now trying to replicate the success in the EV market with an all-electric version of the popular pickup, called the F-150 Lightning.
Source Fool.com
