Nio Stock: Buy, Sell, or Hold in 2022?

China is a huge and fast-growing electric vehicle (EV) market. From the start of 2021 through November, the number of EVs sold in China rose 178% year over year. China accounted for more than 40% of the global EV sales in the first half of the year. Consequently, all the top EV makers are trying to capture a share of this rapidly growing pie.

Nio (NYSE: NIO) has managed to make a place for itself in the domestic Chinese market. Let's discuss how the company may fare in 2022 and beyond.

Nio has grown significantly in the seven years since its founding in November 2014. The company, which launched its first production model in 2018, has delivered 156,581 vehicles so far through November. Of these, 80,940 vehicles were delivered in 2021 (as of the end of November). Nio's year-to-date deliveries through Nov. 30 rose 120.4% year over year. Despite its competition, the impressive growth points toward a robust demand for Nio's cars.

Source Fool.com