Nio Making Progress on Ambitious Expansion

By Parkev Tatevosian, CFA – Jun 16, 2023 at 4:46PM

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

Building out infrastructure could support demand for Nio's cars.

Fool.com contributor and finance professor Parkev Tatevosian discusses Nio's (NIO 8.72%) progress in expanding sales and service centers across its core markets.

*Stock prices used were the afternoon prices of June 14, 2023. The video was published on June 16, 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.