NIO takeover 2021?

NIO holds lots of undoubtable potential. It had a record year in 2020 and shows promise to improve and expand. We hear from this company annually on Jan 9 and typically we see a 45-55% increase in the following month as evident from its previous 4 NIOdays. No official numbers were released regarding the NIOday 2021, but 2020 saw 20 million viewers, 5000 test drives and 400 pre-orders in the first hour. This NIOday 2020 sparked an 1100% increase and all unofficial reports suggest NIOday 2021 was significantly larger than its predecessor event. NIO day saw some of the new technology they have in store. Replaceable batteries will revolutionize the EV market. Replaceable battery eliminates the scenario where you need to go somewhere but your primary battery is dead. Theoretically, you should have your secondary battery fully charged and ready to go whenever needed. This equals no wasted time charging which can last close to an hour. NIO is also backed/partnered with two major players. NIO is backed by the Chinese government is incredibly important. Historically the Chinese government loves having their own proprietary technology which is popular. Right now there is no dominant electric vehicle which is Chinese based and this is why the Chinese government will back NIO to success and will not let them fail. China will continue to fund Chinese companies which represent them well throughout the world and this is a fact that cannot be ignored. A very established company in the tech space has put a lot of faith in NIO and plans to work closely with them on their automated driving. A company by the name of NVIDIA partnered with NIO to make a fully automated smart car which will be sold internationally. NVIDIA is a juggernaut when it comes to hardware components in the tech space and this partnership speaks to the faith they have in NIO to partner with them. NIO stock rose by 1100% in 2020 and has already increased by 9% from the start of 2021. 2020 was just a stepping stone when you think about the potential in EV technology this company possesses. NIO delivered 43,728 vehicles in 2020 which is a 112% increase. Overall, NIO is just getting started and I predict this company will be hovering in the $80-$90 range by the end of 2021. 

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singhharpreet2060

Jan 25, 2021

-39.04%

Change % Since Posting

61.30

Price When Posted

-23.93

Change Since Posting

NIO

NIO Inc - ADR

37.37

-0.14
-0.37%
Current Price

NIO takeover 2021?

bullish

NIO holds lots of undoubtable potential. It had a record year in 2020 and shows promise to improve and expand. We hear from this company annually on Jan 9 and typically we see a 45-55% increase in the following month as evident from its previous 4 NIOdays. No official numbers were released regarding the NIOday 2021, but 2020 saw 20 million viewers, 5000 test drives and 400 pre-orders in the first hour. This NIOday 2020 sparked an 1100% increase and all unofficial reports suggest NIOday 2021 was significantly larger than its predecessor event. NIO day saw some of the new technology they have in store. Replaceable batteries will revolutionize the EV market. Replaceable battery eliminates the scenario where you need to go somewhere but your primary battery is dead. Theoretically, you should have your secondary battery fully charged and ready to go whenever needed. This equals no wasted time charging which can last close to an hour. NIO is also backed/partnered with two major players. NIO is backed by the Chinese government is incredibly important. Historically the Chinese government loves having their own proprietary technology which is popular. Right now there is no dominant electric vehicle which is Chinese based and this is why the Chinese government will back NIO to success and will not let them fail. China will continue to fund Chinese companies which represent them well throughout the world and this is a fact that cannot be ignored. A very established company in the tech space has put a lot of faith in NIO and plans to work closely with them on their automated driving. A company by the name of NVIDIA partnered with NIO to make a fully automated smart car which will be sold internationally. NVIDIA is a juggernaut when it comes to hardware components in the tech space and this partnership speaks to the faith they have in NIO to partner with them. NIO stock rose by 1100% in 2020 and has already increased by 9% from the start of 2021. 2020 was just a stepping stone when you think about the potential in EV technology this company possesses. NIO delivered 43,728 vehicles in 2020 which is a 112% increase. Overall, NIO is just getting started and I predict this company will be hovering in the $80-$90 range by the end of 2021. 

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read-time
1 min

67.31

Target Price

8/ 10

Confidence

6-12 Months

Timeframe
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