Look Out, Competition! Nio Sets Its Sights on Bigger Market Share

By Parkev Tatevosian, CFA – Jun 15, 2023 at 7:04PM

NYSE: NIO

Nio

Market Cap

$7B

Today's Change

(8.72%) $0.36

Current Price

$4.49

Price as of April 26, 2024, 4:00 p.m. ET

Nio entered the EV price war by lowering prices on its cars by as much as 9%.

Fool.com contributor and finance professor Parkev Tatevosian gives his take on why competitors need to watch out for Nio (NIO 8.72%).

*Stock prices used were the afternoon prices of June 13, 2023. The video was published on June 15, 2023.

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nio. The Motley Fool has a disclosure policy.

Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.