NIO ADR Stock News

Chinese automakers are expected to continue to rapidly expand outside of China to achieve 33% of global automotive market share by 2030, according to consulting firm AlixPartners. Much of the growth, up from a forecasted 21% market share this year, is expected to be outside of China.

After Rivian (NASDAQ: RIVN) experienced a major surge in price, it seems that the rough patch in the electric vehicle (EV) sector is now over, and other EV stocks are following its example, including those of Shanghai-based automaker Nio Inc. (NYSE: NIO).

Chinese EV manufacturer Nio (NYSE: NIO ) has certainly been on a downtrend over the past year. On a year-to-date basis alone, NIO stock has lost nearly 50% of its value, making this among the worst-performing EV stocks most investors are watching closely right now.

With EV sales regaining momentum, look at the top EV stocks to buy on the dip. Remember, as I said yesterday, “Ford Motor (NYSE: F ) said its electric vehicle sales were up 64.7% in May.

Many electric vehicle (EV) stocks are rising today on news that Volkswagen (OTCMKTS: VWAGY ) is preparing to invest up to $5 billion in electric truck startup Rivian (NASDAQ: RIVN ). This announcement is fueling a rally that is pushing up even struggling EV stocks, including Nio (NYSE: NIO ) stock.

Time is an undefeated ally for long-term investors. A majority of online brokers have eliminated minimum deposit requirements and commission fees.

Subscribers to  Chart of the Week  received this commentary on Sunday, June 23.

Shareholders of Chinese electric vehicle (EV) stocks like Nio (NYSE: NIO ), Li Auto (NASDAQ: LI ) and XPeng (NYSE: XPEV ) will want to mark their calendars for July 4. That is the day when provisional European Union duties between 17.4% and 38.1% on imported China-made EVs are set to become active.