NIO is one of my favourite EV brand. Nice and sleek design, interesting technology and using battery swaps instead of charging point, have started delivering cars to customers and even expansion to Europe. However with all these factors, the stock remains quite consistent at falling to 10-20s while if you remember correctly it was running at few months 30s to 40s since the height of 60s during last year Nio Day, which is pretty puzzling.
If we look at the big positives- Now that the stock is listed in SG stock exchange and if the first new energy vehicle to be listed here in SC. That not only bring excitement but more importantly access to additional capital to stabilise or increase the positive flow of the valuation/ stock price.
That being the with the next NIO Day coming in Dec, will we see a similar scenario like last year again where it peaks again ?
I personally think that it is possible we can each back to the 30s-40s level around the NIO day.
other NIO holders, what's your views on the short term and long term of this stock? HODL or sell when it peaks?
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