Here is what you should know about Nio and their forecast

Key Points

– Nio reported 20,060 vehicle deliveries in the first quarter. That’s ahead of the roughly 19,500 it had forecast when it announced a temporary production halt last week.
– While Nio dominates China, it is expanding its reach to Europe. Customers will be attracted to the custom-tailored style, which will appeal to the local market.

Market Data

NIO Inc(NIO) is a stock of interest due to the large impact the company has on the market. Here at Wall Street Facts we only cover the best stocks so make sure you check out our other articles. Today we will be diving deep into all of the essential information you need to know about NIO. We will be studying the movement so you can make the best decision as an investor. The stock has moved upwards today by 0.33%. The high for today is 40.65 and today’s low is 39.49. This information is critical in deciding whether this investment is risky or not. We can see the stock is trending upwards, which means the volume of people buying this stock is greater than people selling it.

Company Description

NIO, Inc. (China) is a holding company, which engages in the design, manufacture, and sale of electric vehicles, driving innovations in next generation technologies in connectivity, autonomous driving and artificial intelligence. Its products include EP9 supercar and ES8 7-seater SUV. The company provides users with home charging, and power express valet service and other power solutions including access to public charging, access to power mobile charging trucks, and battery swapping. It also offers other value-added services such as service package, battery payment arrangement, and vehicle financing and license plate registration. The company was founded by Li Bin and Qin Li Hong in November 2014 and is headquartered in Jiading, China.

Stock Forecast

As an investor, you can get an idea of where the stock is trending by the forecast. In this case, the high forecast for NIO Inc is $91.00 and the low forecast is $70.00. We can get a look into the future by looking at past trends. Looking at NIO Inc’s 5-year movement it seems it has grown 171%. Overall, NIO Inc is in great shape going forward. They have a strong market cap of $62.57B and a very bright future ahead of them.

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