Nio's Global Growth Hits a Big Roadblock
's (NYSE: NIO) stock has declined nearly 60% over the past 12 months and trades almost 30% below its IPO price. The Chinese electric vehicle (EV) maker ran out of juice as its deliveries slowed down and its vehicle margins shriveled.
Like many of its industry peers, Nio struggled with supply chain constraints, tough competition, and persistent macro headwinds. But it also differentiated itself from its competitors with its swappable batteries, which could be quickly changed out across its network of battery-swapping stations, as well as its expansion into Europe.
Image source: Nio.
Source Fool.com
NIO Inc. Stock
€3.63
3.620%
With 1 Sell predictions and 1 Buy predictions the community sentiment towards the NIO Inc. stock is not clear.
As a result the target price of 4 € shows a slightly positive potential of 10.25% compared to the current price of 3.63 € for NIO Inc..
