NIO's Next Earnings Report on September 1 Could Send the Stock Soaring. Here's Why.
This could be the moment Nio investors have been waiting years for.
Overview
Electric vehicles (EVs) have had a rough ride over the last two years in the U.S., with major carmakers like Ford and Honda curtailing EV production, or even canceling some EV models outright.
That stands in sharp contrast to the rest of the world, particularly China, where EV carmakers – juiced by government incentives and an opportunity to seize market share from dominant U.S. and European brands – are flourishing after years of early stage struggles.
Details
One Chinese EV maker, Nio (NYSE:NIO), has been hit particularly hard over the last five years. But its upcoming earnings report could send the stock soaring.
Source
Originally published at www.fool.com.
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