Nio (NIO 0.34%) has set up battery swapping stations instead of charging stations like most EV companies. This might end up working in its favor.
*Stock prices used were the afternoon prices of Jan. 3, 2023. The video was published on Jan. 5, 2023.
Down 69% in 2022, Is Nio Stock a Buy for 2023?
This Chinese EV company is taking a different strategy that might be working.
By Parkev Tatevosian, CFA – Jan 6, 2023 at 7:00AM EST
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About the Author
A Fool since 2019, and a graduate of Cal State LA with a B.S. in Finance and M.A. in Economics. Parkev is an adjunct professor of Finance and enjoys reading about financial and economic history. You'll often find him writing about stocks in the consumer goods and technology sectors.
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