Nio's Global Growth Hits a Big Roadblock
's (NYSE: NIO) stock has declined nearly 60% over the past 12 months and trades almost 30% below its IPO price. The Chinese electric vehicle (EV) maker ran out of juice as its deliveries slowed down and its vehicle margins shriveled.
Like many of its industry peers, Nio struggled with supply chain constraints, tough competition, and persistent macro headwinds. But it also differentiated itself from its competitors with its swappable batteries, which could be quickly changed out across its network of battery-swapping stations, as well as its expansion into Europe.
Image source: Nio.
Source Fool.com
NIO Inc. Stock
€3.67
0.270%
Based on 2 Buy predictions and 1 Sell predictions the sentiment towards NIO Inc. is rather balanced.
With a target price of 5 € there is a positive potential of 36.17% for NIO Inc. compared to the current price of 3.67 €.
