2024-03-19 13:53:10 ET
Summary
- NIO Inc. achieved $2.2 billion in vehicle sales in Q4 2023, driven by higher delivery volumes and SUV demand.
- The company plans to launch two mass-market brands, Alps and Firefly, to compete with Tesla.
- NIO aims to establish 1,000 new battery-swap stations in 2024 to reduce charging times, incurring significant capex.
- Long-term investors can adopt a DCA strategy to average down, taking advantage of NIO's market volatility within the $6.10 to $4.35 price range.
Investment Thesis
In our prior analysis, we highlighted that the downward trend was not over yet, and NIO Inc. ( NIO ) presented an opportunity for long-term investors to capitalize on market volatility by adopting a dollar-cost averaging ((DCA)) strategy within the price range of $6.10 to $4.35. We identified these levels as critical long-term support zones where investors could strategically position themselves for eventual market recovery....
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For further details see:
NIO: A Strategic DCA Play