By Bob Haegele Chinese electric vehicle (EV) company NIO (NYSE: NIO) is a new player in the auto market. The company was founded in 2014 and has made quite a bit of noise in the EV market. NIO does not manufacture its own vehicles; instead, it partners with a state-owned auto manufacturer.
There are plenty of reasons to be excited about NIO stock. The company behind it makes electric vehicles, and countries around the world are rallying in support of EVs. The European Union wants to have at least 30 million electric vehicles on its roads by 2030. And more recently, the Biden administration …read more
