Strong Buy
Re: NIO not bad stock performance
NIO is a high end EV company in China. Customer satisfaction rating in China was higher than Tesla by a small margin. The business approach is very different from Tesla. Battery swapping in 3 minutes is fantastic, battery charging service (pick up and charge while you work), emergency charging on road service. The focus is on customer satisfaction. Voice command is better than Tesla and they are relying on Mobile Eye for autonomous driving. The ceo is a genious with great work ethics and drive, just not as flamboyant as Elon Musk.
China is 50% of the EV market with the government pushing hard to get rid of the polluting ice vehicle. China won't let NIO fail.
With the certain Asian part of the world near fully recovered from Covid 19 and business functioning back to normal, China is a good place to invest. JMHO
NIO is in early stage of growth. The EV market is big enough for many many more players.