Get all your news in one place.
100's of premium titles.
One app.
Start reading
Barchart
Barchart
Mohit Oberoi

EXPLAINED: Is nio the best chinese ev stock to buy now - The Real Truth

NIO China Tesla Inc. Li Auto XPENG Motors

Shares of Nio Inc (NIO) have whipsawed over the last couple of years. The Shanghai-based seller of electric vehicles (EVs) survived a bankruptcy scare in 2020, and NIO went on to rise over 1,100% that year - but fell sharply in both 2021 and 2022. 

NIO has gained over 35% so far in 2023, but its year-to-date returns significantly trail those of fellow Chinese EV peers like Xpeng Motors (XPEV) and Li Auto (LI), as well as American-based Tesla (TSLA) - which is the largest seller of battery electric vehicles (BEVs) globally. Now, with NIO on the rebound from its long-term underperformance - but still 79% below its all-time highs, set in February 2021 - I believe the stock could be a good buy at these levels.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Amy Schumer criticizes sexualized depiction of moms in animated movies
Comedian has brought up issues with animated movies before
The Independent UK
The Independent UK
Cannabis Appeared in Records of 84% of Teens Needing Emergency Care for Substance Use in WashU Data
A WashU study of more than 5 million encounters found cannabis listed in 84% of substance-related emergency visits involving teens, while researchers stressed the figure does not establish causation.
Medical Daily
Medical Daily
Can You Grow a New Pineapple From the Top of One You Bought at Walmart?
The next time you cut the leafy top off a pineapple, don’t automatically throw it in the trash. That spiky crown may be capable of becoming an entirely new pineapple plant.
Frugal Gardening
Frugal Gardening
A language of belonging: Advice for learning the mother tongue of your ancestors
Learning the native language of ancestors is a meaningful way for descendants of immigrants to connect with their heritage
The Independent UK
The Independent UK
In-N-Out owner vows iconic burger chain 'will always be' in California and says leaving the state would be the 'dumbest business decision ever'
"This is where we started. It's where we are now, and it's where we will always be," Lynsi Snyder, president and owner of In-N-Out, said.
Fortune
Fortune
‘A wonderfully fluffy but crunchy-edged bite’: the best (and worst) supermarket crumpets, tasted and rated
Holey toasters! Some supermarket crumpets are really good – but which ones are best?
The Guardian - UK
The Guardian - UK
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play