Posted on Oct 17, 2020 at 9:30 a.m.
Nio, the Chinese automaker who wants to tackle Tesla, is it overheating? A few months ago, the specialists did not give much of his skin. In March 2020, the share price had fallen below the three dollar threshold on the New York Stock Exchange. Investors were already burying the Shanghai-based company listed since the summer of 2018, pointing to its very poor management. Since its inception in 2014, Nio has sold more than 30,000 cars, solely in the Chinese market.
Since the spring, however, the action has soared more than 600%, exceeding $ 29. She gained more than 23% on Wednesday alone. Wall Street analysts again recommend that investors invest in this small specialist in electric vehicles. So why this spectacular about-face?