Nio: Buy, Sell, or Hold?

Nio (NYSE: NIO) is a fast-growing Chinese electric vehicle (EV) manufacturer looking to capitalize on a rapidly expanding market opportunity with its focus on high-performance electric SUVs and sedans.According to a report published by Frost & Sullivan, China's electric vehicle (EV) market is expected to grow by 16% compounded annually through 2030. However, before you scoop up shares in the EV maker, there are some things you should consider first.Founded in 2014 and headquartered in Shanghai, Nio is one of several companies leading the charge in the EV revolution. As of last year, Nio is China's fifth-largest pure EV brand, with sales of approximately 160,000 units, capturing about 3% of the market share. Industry leader BYD has set the pace with 1.3 million EV sales, followed by Tesla at 603,000.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool