Name of opportunity: 👀
NIO Inc
Battery swapping network deal 🔋
NIO, the multinational EV manufacturer, has signed a new deal with Contemporary Amperex Technology, the energy storage specialist that has become the world’s largest maker of lithium batteries for electric cars.
The two Chinese companies will be working together to build a battery swapping network, meaning that EV drivers who stop at one of the stations along the way will not need to wait to charge up - instead, they will be able to quickly and easily switch out their battery for a fresh one and leave the old battery behind to be charged up for another driver.
NIO is a growth stock, and currently generating stable cash flow and revenue.
How hot is this investment opportunity? 🔥🔥🔥
Analysts predict the price of NIO Inc. might increase from $5.20 to $7.55 in the next 12 months. If you invested $1000, you might profit $451.73.
NIO will be sharing its Q4 results on 21 March, which may also have an impact on the stock price when the data drops.
Back in September, NIO launched its ONVO sub-brand, which aims to be a more affordable option. 20,000 units of the L60 model were sold in the first 100 days that it was on the market. The midsize electric SUV is a direct competitor to Tesla’s Model Y, and is cheaper than its American counterpart.
NIO has another new sub-brand, FIREFLY, with the first vehicle being available on the market from 19 April. Positioned as a premium boutique small car, this option might attract new customers to NIO.
Electric cars 🚗
NIO Inc is a China-based holding company principally engaged in the research, development and manufacturing of premium smart electric vehicles. The Company is mainly engaged in the design, development, manufacture and sales of high-end smart electric vehicles.
Which neme?: 🔍
‘Electric Vehicles’, ‘Made in China’
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