Get all your news in one place.
100's of premium titles.
One app.
Start reading
Barchart
Barchart
Mohit Oberoi

Is NIO the Best Chinese EV Stock to Buy Now?

NIO China Tesla Inc. Li Auto XPENG Motors

Shares of Nio Inc (NIO) have whipsawed over the last couple of years. The Shanghai-based seller of electric vehicles (EVs) survived a bankruptcy scare in 2020, and NIO went on to rise over 1,100% that year - but fell sharply in both 2021 and 2022. 

NIO has gained over 35% so far in 2023, but its year-to-date returns significantly trail those of fellow Chinese EV peers like Xpeng Motors (XPEV) and Li Auto (LI), as well as American-based Tesla (TSLA) - which is the largest seller of battery electric vehicles (BEVs) globally. Now, with NIO on the rebound from its long-term underperformance - but still 79% below its all-time highs, set in February 2021 - I believe the stock could be a good buy at these levels.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Why Is There So Much Liquid in Packaged Chicken?
If you have ever opened a package of raw chicken and found a puddle of liquid inside, you are not alone. The amount can sometimes be surprising, especially when the chicken looks like it is sitting in water. However, that liquid does not necessarily mean the chicken is spoiled or…
Grocery Coupon Guide
Grocery Coupon Guide
LeBron James is everything Philadelphia wants. And everything it can’t stand
The city has embraced its new superstar with open arms, even as he choppers in from Manhattan and makes no secret of the fact that Philadelphia was never his first choice
The Guardian - US
The Guardian - US
Geordie Greep denies sexual assault allegations from stage in Vancouver
While some heard the former Black Midi frontman out, others made for the exit as he addressed accusations
The Guardian - UK
The Guardian - UK
A woman goes to pour Walmart chicken broth dated 2027, but something is clogging the spout: ‘What the heck is that?’
That’s not how broth pours.
We Got This Covered
We Got This Covered
A man buys three limited-edition BrüMate cups at Target after two failed trips, then says a woman stopped him on the way out and demanded them back
Didn't see that coming.
We Got This Covered
We Got This Covered
‘He was just a baby’: A cat owner says his hair-loss treatment cost him his 2-year-old cat, and he’s warning others about minoxidil
Should come with a warning label.
We Got This Covered
We Got This Covered
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play