NIO Stock Overview & Catalysts! Power Day Updates, Price Predictions and More!
Автор: Gagan Grewal
Загружено: 2021-07-06
Просмотров: 268
Описание:
NIO is up 70% Since May 13 and here we discuss why!
There are 5 major catalysts that have made NIO Stock go up recently and these include:
1) The company early in the month announced its manufacturing partner has begun construction of a second factory near the industrial city of Hefei, which when finished will increase NIO's production capability to about 20,000 vehicles per month (so 240,000 cars a year)
2) NIO is also working to expand its portfolio of related products, including its recharging and power accessories. The company announced late in June it would hold a "Power Day" event on July 9th.
3) Quarterly results which have beat expectations once again. NIO had deliveries of over 8,000 electric vehicles which include their ES8, EC6 and ES6.
Continue watching for the rest!
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Disclaimer: I am not a financial advisor, everything I say and do in my videos is for entertainment and education purposes only. Nothing should be taken as a buy or sell recommendation. Please do your own due diligence to be well informed before any purchase.
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