Jun 30, 2020
"Chinese electric vehicle maker Nio (NYSE:NIO) has had one of 2020’s most impressive comebacks. Late last year, it looked like NIO stock was down and out: Shares had plunged from $10 to barely more than a buck, and it appeared that the company was on the brink of bankruptcy... However, contrary to the naysayers, Nio was able to secure crucial investments from both local governments and a powerful private backer. And with these funds in hand, Nio rode out the novel coronavirus slowdown and is revving its engines again... As you’ll see, Nio is enjoying sharply higher sales now. And while Nio stock shares have recovered significantly, they still look cheap in light of the company’s tremendous momentum." investorplace.com
NIO's website
nio.com
Quotes
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