Nio Stock Could Be a Bargain As Its EV Production Ramps Up
Nio (NIO), the Chinese EV (electric vehicle) sedan maker could be a huge bargain here. The stock is down a lot, as other EV makers have fallen. But now that the company is reawakening from the severe Covid-19 restrictions in the Shanghai area, it could ramp up quickly. It looks like sales might even double over the next two years. That will undoubtedly push NIO stock much higher.