May 8, 2021
Business News

Nio Stock Could Hit New Highs in 2021; Here’s Why

Wall Street has been looking at Nio Limited (NIO) of late, and investors seem to like what they see. Over the past 12 months, NIO stock is up a whooping 1017%, and remains close to its 52-week high. It probably hasn’t hurt that the Chinese EV manufacturer released solid December car deliveries, showing a huge step forward.

As expected, the fund-raising dip in December was another buying opportunity. The forecasted large growth rate in the Chinese EV market should lead to another big year for…

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