This EV Darling Will Continue This Momentum Well Into 2021

This story was originally published here.

Chinese electric vehicle (EV)maker Nio (NYSE:NIO) was one of the biggest winners in the stock market last year. Nio stock gained more than 1600% in the past year relative to the S&P 500.

After an almost 50% increase in its price this past month, Nio is showing no signs of slowing down. With another strong quarter and several innovative developments in the pipeline, expect Nio to continue its impressive run this year as well.

One concern for China’s EV companies is the threat of Tesla’s (NASDAQ:TSLA) popularity in the region. Tesla released its first China-made Model Y car in the first week of January and is expected to slash its prices once production rises. Whether local governments allow this headwind to develop remains to be seen… Story continues here.

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Senior Investment Strategist, InvestorPlace

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