Why I'm Recommending A $44 EV Stock Today

At the company's recent "Power Day mini-roadshow," the company announced plans to accelerate its battery swap service, whereby it swaps customers' discharged EV batteries for fresh ones. Right now, around 30% of its customers live within two miles of one of NIO's "Swap Stations." The company wants to bump that number up to 90% by 2025.

The EV market in China is growing more quickly than the American market; China is home to more than 44% of all EVs in the world, and sales are growing at 36% a year, which suggests a big, long-term boost to the company's bottom lines. NIO has plans to start selling EVs outside of China, with the most likely target being the European Union.

NIO is only one must-own stock in the new, red-hot EV space. This sector deserves every investor's attention.

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William K. 3 months ago Member's comment

Certainly China is, AND WILL REMAIN, a great EV market. The government there is able to mandate that path. And while the business model for battery exchange seems to work well, I still question that the recharging power will always be available. But since China does not run like the USA, it may be quite different. It is interesting that NIO does not talk about any computer driven cars that I am aware of. I believe that they possess some insight hidden from others.