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Benzinga

Business

Rachit Vats

MYSTERIOUS: Here s why this analyst says nio s plan to double r d spend this year is big take for the ev maker - What They Never Told You

NIO Bo Pei Nio Inc NYSE William Li

Nio Inc’s (NYSE:NIO) plan to more than double its R&D spend this year is a big step up for the electric vehicle maker, US Tiger Securities analyst Bo Pei told Benzinga on Friday.

What Happened: Nio said on Friday it sees 2022 as a year of acceleration and plans to more than double its Research a Development (R&D) investment towards new technology and product development for 2023.

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