These 3 Charts Should Have Nio Investors Excited
The field of stocks in the electric vehicle (EV) sector has been growing rapidly. Investors can now choose from among a host of legacy automakers working to transition from internal combustion, start-ups with much promise, and established EV manufacturers that continue to grow.
Chinese EV maker Nio (NYSE: NIO) is in that third group, but its stock has been out of favor on Wall Street in 2021 -- the stock price is down about 17% year to date. However, if you take a closer look at some data related to the company and its market, you'll see that Nio has the potential to deliver much better results from here.
Here are three charts that should have Nio investors excited.
Source Fool.com
