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Reasons behind the Rise of NIO Stock
Published on Dec 22, 2020

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NIO is a relatively young Chinese electric vehicle manufacturing company founded in 2014 in Shanghai. Although it makes well-made electric cars and SUVs, it is not NIO’s vehicles that made headlines in 2020. In fact, it is the stock price, which increased 1000% to $50 a share, due to the $1 billion injection from the Chinese government. As a part of its bid to become a global green superpower, China has promised that 25% of car sales by 2025 will be new energy vehicles and not purely fueled by petrol or diesel, which created a huge potential market for NIO.

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