NIO’s New Expansion Plans: What It Means for Investors


Source: markets.businessinsider.com markets.businessinsider.com

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InvestorPlace - Stock Market News, Stock Advice & Trading Tips China-based electric vehicle manufacturer Nio (NYSE:NIO) is looking to broaden its scope. However, prospective NIO stock investors should view Nio’s expansion plans with a critical eye. The company’s venture into battery-swapping technology and other fields will require time and capital (both financial and human). In the end, the results might disappoint overeager shareholders. Nio is already working hard to establish itself as an EV maker in a highly competitive industry. The automaker plans to expand its market footprint in China as well as internationally. Yet, Nio’s investors should prepare for...