The bankruptcy of electric vehicle maker Lordstown Motors Corp. doesn’t appear to be scaring investors away from the stocks of other EV startups. Shares of.
NIO Inc. ADR(NYSE:NIO): NIO (NIO) and XPeng (XPEV) are two China-based electric vehicle giants that are poised to outpace the broader markets in 2022. Both these stocks are trading significantly below all-time highs, making them interesting contrarian bets for growth investors. Let’s see which between the two stocks is a winning investment for 2022.
NIO Inc.(NYSE:NIO): While the global chip shortage continues to impact Chinese EV companies, the industry has immense long-term growth potential. So, popular Chinese EV stocks NIO Inc. (NIO), XPeng Inc. (XPEV), and Li Auto Inc. (LI), which beat their third-quarter vehicle sales estimates, could be worth watching.
NIO Inc.(NYSE:NIO): The popular zero-commission trading app Robinhood has lately been seeing a rise in the trading volumes of clean energy and cryptocurrency stocks. Amid the growing popularity of the trading platform among ESG investors ahead of its targeted IPO, Wall Street expects popular Robinhood stocks NIO (NIO), Coinbase Global (COIN), and Plug Power (PLUG) to rally by more than 40%. Let’s discuss.
NIO Inc.(NYSE:NIO): As the global economy gradually gets back on track, sales of commercial and personal vehicles are expected to soar. However, given that the auto industry is currently hamstrung by a global semiconductor chip shortage, automakers have been forced to reduce production. While financially sound automakers Honda Motor (HMC) and Mazda Motor (MZDAY) are uniquely positioned to overcome this challenge and sail through the supply-chain blip, companies like Nio (NIO) and GreenPower Motor (GP), with weak fundamentals and growth prospects, will have a harder time doing so and, as such, we think are best avoided now.