NIO is a fast-growing company in a highly volatile sector. But investors may be worried about how NIO will fare in the years to come. The company faces a 2024 deadline to be delisted from the U.S. stock exchanges, which may limit investors’ options to sell their NIO stock. As the deadline approaches, investors may be worried that the stock price will be negatively affected.
The stock has risen 80% since the middle of May. The company has also increased its relationship with suppliers in China. As a result, investors may be willing to take a risk on Nio’s stock. But the stock’s performance hasn’t been perfect. This is a stock that investors should consider buying for bargain hunting.
The company has delivered more than 92,400 vehicles in October, bringing its yearly total to 102,498. This makes Nio one of the leading players in the premium smart electric vehicle market. During October, the company will report on EV sales in China, along with Xpeng and Li Auto. The announcement could be a sign that the Chinese government may relax the COVID-19 lockdowns.
One of the biggest obstacles to the adoption of electric vehicles is their range and charging time. NIO hopes to solve this by offering swappable batteries for its electric cars. This will reduce the need to spend time at the gas station, which is an obvious source of concern for many consumers. Moreover, NIO’s leasing strategy will help make the company’s electric cars more appealing to consumers.
The company designs and manufactures smart electric vehicles and sells them in several countries. It also provides comprehensive value-added services to owners of these electric vehicles. These include battery swapping services and home charging. Additionally, the company offers mobile charging solutions through charging trucks. It also offers a charging station for its vehicles, which allows drivers to recharge their cars on the go.