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NIO, XPENG, LI and Other EV Stocks: Chinese EVs Price Dropping

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  • Dec 2nd, 2020 10:44 am
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Jun 1, 2006
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NIO, XPENG, LI and Other EV Stocks: Chinese EVs Price Dropping

Surprised there is no thread dedicated to NIO stock given the huge price increase today.

So, how many people have this stock? And what price did you buy? I bought in the $14-15 range. But I read lots of people bought below $10, some below $5. Congratulations to those that bought so low.
Last edited by LonesomeDove on Dec 1st, 2020 8:04 pm, edited 10 times in total.
Have a nice day!


131 replies
[OP]
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https://www.msn.com/en-us/money/topstoc ... r-BB1a1diw

Shares of electric-vehicle (EV) maker Nio (NYSE:NIO) stock are taking off on Wednesday after an upgrade and price hike from one analyst.

JPMorgan’s Nick Lai boosted his call on the stock from “hold” to “buy,” and raised his price target from $14 to $40. This is nearly double the current price NIO stock is trading at, and it’s for good reason too.

According to Barron’s Al Root, “Lai thinks China’s EV penetration will be four times higher by 2025, meaning that about 20% of all new cars sold in China would be battery powered.” This presents a strong case for companies like Nio, and it also helps that China’s electric vehicle industry is expected to grow at a CAGR of 25% between now and 2025.


Moreover, Nio has plenty of catalysts working in its favor at the moment. Aside from its battery-as-a -service announcement in August, the EV maker also reported strong delivery figures from September. In fact, Nio said it shipped 4,708 vehicles during the month — an increase of 133.2% year-over-year. Further, Nio reported 12,206 vehicle deliveries in the three months ended September 2020. This also represents an increase of 154.3% YOY.

Additionally, the company has plans to enter more markets across the globe in the coming years.

Nio stock was up 16.4% on Wednesday morning.
Have a nice day!


Deal Expert
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Feb 11, 2009
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Have shares with a $6 ACB...Wrote $30 strike covered calls this morning at $0.28 a piece expiring next week...just a few mins later they spiked to $0.65 :(...looks like I'll likely be assigned. Was a good run!

Disclaimer: I bought them on the way down...when it dropped to $1 I thought I had lost the investment haha...little did I know I was right after all Face With Tears Of Joy
Real Estate Agent, MAcc, CPA, CA
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Oct 12, 2009
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Bought 280 @ $9.70 or so, flipped it around $16 . Holding 300 @ $13.90 .

I also got in with GPV.VN but the reverse split hit it hard. Still bagholding that waiting for a potential boom. Only holding 60
2010 Contest Wins: 0
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Sep 10, 2008
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Kitchener
I completely missed the ball.......bought 26 shares @ $15 (not getting rich anytime soon). Luckily TSLA is going gangbusters for me - likely going over $1M in holdings soon.
Deal Addict
Mar 14, 2007
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Toronto
Rob_EV wrote: I completely missed the ball.......bought 26 shares @ $15 (not getting rich anytime soon). Luckily TSLA is going gangbusters for me - likely going over $1M in holdings soon.
congrats! how long have you been holding them for
Newbie
Nov 24, 2013
8 posts
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Scarborough, ON
Guys I'm new to trading, I was told to invest on Nio by a friend when it was 3 $. I didn't thought, do you still think its a good time to invest.
Deal Fanatic
Sep 10, 2008
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Kitchener
willyxjai wrote: congrats! how long have you been holding them for
About 2 years (up almost 1000%) ;)
Deal Fanatic
May 22, 2003
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Vancouver
Thought about buying back when it was under $2 but got chicken. Having said that, even if I had bought it, I probably would have sold it as soon as it doubled.
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Nov 23, 2005
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azncapcom wrote: is this thread going to turn into the next TSLA thread?
Flexing has already started.
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Jan 25, 2016
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Ottawa DST
Having a good day - up 9% to ATH $30.
Deal Expert
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Feb 11, 2009
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Well looks like I'll be assigned my $30 strike calls if we stay here by EOD tomorrow...was a good run from ~$6 haha.
Real Estate Agent, MAcc, CPA, CA
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NIO stock reaches record highs as it is over $30 for the first time.
Have a nice day!


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