Nio futures the EV market’s strong growth
The EV market’s strong growth trajectory is supporting NIO futures, especially with the global push for clean transportation. BloombergNEF forecasts a 25% rise in EV sales in 2024, which could directly benefit NIO’s market share. Pricing for the ES8 starts at 416,800 Yuan ($58,593 USD). Nio offers an even lower up-front pricetag with a qualifying battery-as-a-service subscription, which allows for battery swapping at dedicated stations. Nio (NYSE: NIO) , however, did the opposite after its announcement and in fact the company has roughly doubled over the past three months. So what has investors so optimistic about this round of funding? Analysts tracking NIO futures emphasize that growing competition from BYD and Tesla in China may cap upside views unless NIO can sustain double-digit delivery growth in Q
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