So I finally found the reason for yesterday's rise in Nio $NIO.... In a bid to revive its lagging economy, the National Development and Reform Commission (NDRC), the government agency responsible for economic development in China, has said it is keen to bring in private capital to help in the development of major projects across the country, including EV and infrastructure...
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NIO Fair Price
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So I need 8$ more up on the green nio... but still, it's a pretty promising way to go :)
Yesterday, we saw $NIO stock shoot up more than 11%.
This is because the company's CEO, Li Qiang, predicted at the World Economic Forum on Tuesday that China's economy will grow faster in Q2 than the 4.5% rate it grew at in Q1, and further claimed that it is on track to achieve annual growth of around 5%.
In addition to Qiang's overall bullish view on the Chinese economy,...
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I was just shopping again today and averaging my price... I believe the green is near! :-D
More good news like this.
I know there are quite a few Niofans already here, so I'm adding an update that probably won't bring millions to the coffers, but definitely an interesting extra service 👇
NIO$NIO will launch a trial next month that will give car owners in China the flexibility to rent the company's cars when traveling in Europe. NIO's destination travel service in Europe will begin trial...
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This is great for me though... considering I'd be flying to China and could somehow rent a car there for a bargain, I'd take it in a heartbeat :)
"There's no interest in those electric cars, rebates won't help them, it's a dying company."
My base case scenario for the rest of the year and $NIO: Rebates will help boost supply again, which will start to positively impact the company's profits (I'm not counting on profitability yet this year). The target price, in a positive scenario, could be $15 per share by year-end in my...
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The urgency for NIO $NIO to increase volumes and cut costs is finally here, says Deutsche Bank. With widespread NIO price cuts and the rapid introduction of new NT 2.0 models, Edison Yu's team believes there could be a significant sales recovery in the second half of the year.
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China is a big market and the price cut is definitely an attraction for customers. Plus, demand is probably pretty high there as everyone is trying to target that market in turn.
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I'm averaging $21... so I'm thinking of knocking it down some more... but I'm waiting for a drop.)
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Now I wouldn't completely trust the AI just yet, but those numbers don't look unrealistic.
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I had heard of this company, but I was more interested in $NIO. But thanks for the tip.
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Too bad BABA is not in the USA, it would be a beautiful investment. But then, of course, the price would be at completely different levels.
I'm a silent observer, somehow I'm not interested in the country of origin:) but otherwise I'm rooting for them