The company made its debut on the New York Stock Exchange in September 2018. 4 Stocks to Buy No Matter Who Wins the 2020 Election These four stocks to buy are good no matter who is in office By Laura Hoy , InvestorPlace … NIO stock rose after the preliminary agreement with Hefei. Okta Vs Crowdstrike Stock: Which Is Best. In China, several Tesla models were exempt from the purchase tax last year. Financhill just revealed its top stock for investors right now... so there's no better time to claim your slice of the pie. Royal Caribbean Cruises Stock – Should You Buy Or Say Goodbye In 2020? Even if deliveries return to pre-pandemic levels, the lower demand for its vehicles will adversely affect the company’s revenue. We definitely want to hear from you, partner with you or just celebrate your progress alongside you! Given the sell-off in some of the other high-quality stocks, investors could bet on a different automaker. The stock has risen by 37% in 2020. China is already the world’s largest electric vehicle market and the Chinese government has been heavily promoting the sale of electric vehicles. In sharp contrast, a license for an EV can be had by anyone and that, too, without paying a single dime as fee. NIO was one amongst them which, apart from taking care of the company’s short-term solvency issues, also inspires confidence in its future. Is Oracle Stock A Buy Now On TikTok Partnership Talks. Why Did Buffett’s Berkshire Buy Snowflake? The volatility in 2020 might be due to the COVID-19 pandemic. However, the stock was volatile last year as well. The positive news comes after an announcement in February that NIO had entered into a collaboration framework agreement with the municipal government of Hefei, Anhui province, where the company’s main manufacturing hub is located. You should only invest the money you can afford to lose. NIO delivered 3,838 cars in the first three months of the year. But it doesn’t end here. Analysts were looking for$180 million. Start off the right way >>. The pandemic is expected to make matters worse as delivery of vehicles took a severe hit when the pandemic was at its peak in China. Only time will tell if NIO can successfully overcome the challenges it faces from all quarters and make a strong comeback. Not only do drivers get a fully charged battery, they also get a complimentary inspection of their car’s electric powertrain. When Financhill publishes its #1 stock, listen up. innovative suite of charging solutions to its users, including Power Home, a home charging solution; Power Swap, a battery swapping service; Power Mobile, a mobile charging service through charging trucks; Public Charger, a public fast charging solution; and Power Express, a 24-hour on-demand pick-up and drop-off charging service. When Will Philip Morris Report Its Q3 Earnings? This occurred after the positive analyst’s reviews over NIO’s earning which helped NIO stock price to bottom out. This Is What You Need to Know. The Chinese government, in order to reduce pollution, has been heavily promoting the EV market, and one of the ways of doing it is to make the procurement of a license extremely difficult. Support from the Chinese government doesn’t guarantee that NIO will survive. Out of about 100 Chinese startups developing electric cars, a diminishing group of just 11 were able to attract investors’ attention and raise funds. Tesla, in just over six months, has managed to grab over 25% of the EV market in China, and its share of the pie keeps getting bigger as its strong brand cachet keeps attracting more and more buyers with deep pockets. And those lucky enough to get a license have to shell out over $14,000 as fee.