Nio (NIO)

Jan 18, 2022Trade Ideas

Nio (NIO) could accelerate to higher highs in 2022.

For one, the electric vehicle boom shows no signs of slowing at all. Especially with governments all over the world demanding millions of them to help cut emissions.

Two, DNB Asset Management – a large European asset manager – significantly raised its investment in the EV stock. According to Barron’s, the firm bought 144,250 NIO ADRs to end the fourth quarter with 833,746 ADRs.

Three, NIO deliveries are on the rise.

In December 2021, NIO delivered 10,489 vehicles, up 49.7% year-on-year. For the fourth quarter, NIO deliveries were up to 25,034 — up 44.3% year-over-year. For full year 2021, NIO
delivered 91,429 vehicles, up 109.1% year-over-year. Even better, 2021 numbers more than quadrupled 2019 deliveries.

In the New Year, the company will start delivering three new vehicle models, and will bring its products to Germany, the Netherlands, Sweden, and Denmark.

In short, New Year 2022 could be a substantial year for EV stocks, like NIO.


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