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.
Electric cars are taking over
A new type of battery is pushing everything we thought we knew about energy storage to the limits.
According to automotive insiders, consumers will soon be able to go 1,000 miles on a single charge.
Think about that for a moment…
That’s nearly TRIPLE the distance of the best-performing electric cars on the market right now — and more than 8 TIMES farther than the average electric car…
That means you could drive from New York City all the way down to Daytona Beach, Florida, without stopping!
A 1,000-mile range clobbers even the most fuel-efficient gas vehicles on the road today!
In short, this tech is about to change EVERYTHING.
Here’s the best part:
At the heart of this new technology is one company — 1/1,000th the size of GM.
If you want to get in on the electric car revolution, this is easily the best way to do it.
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Senior Investment Strategist, InvestorPlace