Hello friends! We are back with another powerful stock price prediction. In this article, you will know the NIO stock forecast for 2023. We will also discuss the history of NIO stocks, the latest news, strength, positive points, disadvantages, and more. So, let’s start with a short intro.
NIO.inc was established in 2014 in China and later became a leading multinational smart electric vehicle manufacturing company. In contrast to old-fashioned car battery chargers, NIO uses battery-swapping technology.
NIO came with its first electric hypercar, EP9, which was launched on the same day when NIO brand came into the market. Presently, the headquarter of NIO.inc is located in Shanghai, China. Over 7k employees are working in the company.
In December 2017, NIO launched ES8, a seven-seater electric SUV car, and initiated delivery after six months in June 2018. At the end of the year 2018, the company launched ES6, a five-seater electric SUV car, which began delivering in June 2019.
The company has also launched EC6, ET7, ET5, and ES7 cars in addition to these models.
NIO stock forecast 2022
The current price of NIO stock is around $13.76 (As of October 10, 2022). Some Technical analysts predict it will increase up to $26.90 by the end of 2022.
NIO stock forecast 2023
NIO is a rapidly growing company that has the potential to compete with leading companies. As per our technical analysis and past records of Nio, Nio’s price can easily reach a minimum of $30.50 and cross the maximum range of $35.25 in 2023. NIO’s car sales will turn profitable in 2023, which will be a turnaround year.
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