"The tariff-driven market volatility has been rough on shares of Chinese electric vehicle (EV) maker Nio Inc. ( NYSE: NIO), which last April fell to a multiyear low of $3.02. Shares rebounded afterward but eventually tumbled again. They are now up 11.7% year over year, after a 2.3% gain in the past week. Nio reaffirmed its European expansion plans despite the new EU tariff framework."
"From a stock performance standpoint, Nio has been a tale of two stories. When shares debuted on the New York Stock Exchange on Sept. 12, 2018, at $9.90, they struggled to build momentum. Not until the summer of 2020 did the stock begin to surge, gaining over 810% from June 26, 2020, to Feb. 9, 2021, when the stock hit its all-time high of $62.84. Shares have fallen considerably since then, but the long-term outlook remains strong."
"Note that the high price target is up at $9.21. There are some encouraging tailwinds for shareholders. The Chinese carmaker's high-performance models, which feature a +600-mile range, have caught the eye of vehicle enthusiasts and investors, while addressing range anxiety issues by creating battery swap technology as a supplement to charging. Nio is a leading electric vehicle manufacturer in China and has been expanding its presence internationally."
Tariff-driven market volatility pushed Nio shares to a multiyear low of $3.02 last April and produced uneven rebound and declines, leaving shares up 11.7% year over year. Nio reaffirmed European expansion plans, and a new Canada–China trade agreement could open a pathway for Chinese-made EVs into North America. The stock has underperformed the S&P 500 over six months, and analysts remain cautious: just over half of 27 recommend buying, with a mean target of $6.64 and a high target of $9.21. The company benefits from high-performance +600-mile models, battery-swap technology, and international expansion, supporting a strong long-term outlook despite recent share declines.
Read at 24/7 Wall St.
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