On today's video we will be talking of the Nio latest Stock updates looking at the report for the insurance registration numbers for the third week of June 2024 which were 4700. So watch this video until the end to understand what this could mean for Nio.
Yes the Nio stock price has not been performing the way many investors want it to perform, but this is the stock which is still set for greatness and I believe that before investors can buy or sell this stock, they should do some due diligence.
Now Nio is one of the stock which is set for greatness as it has so many strong fundamentals that are ready to drive its stock price higher. Not only is it having this good strong fundamentals but even its industry which is the EV(Electric Vehicle) is set to to very well both in China and Europe in the years to come. According to the Mizuho analyst international sales will constitute 30% of Nio overall EV sales, which is very good as it means that not only will it do well in China but it will also do well outside of China. This week nio shipped its cars to Norway and it is expected to start selling them this coming September.
Yes the Nio stock price has not been performing the way many investors want it to perform, but this is the stock which is still set for greatness and I believe that before investors can buy or sell this stock, they should do some due diligence.
Otherwise a disclaimer to note on these video is that all content that I will be sharing on the video must not be taken as professional financial advise as there are just my opinions. Otherwise for more stock market videos visit our youtube channel @Phumudzo Siphoro
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