NIO's Big Play: How Battery Swapping Stations Can Drive Growth
NIO(NIO) MarketBeat·2024-09-09 21:49
NIO Inc. NYSE: NIO is a Chinese electric vehicle (EV) manufacturer that sells sleek cutting edge EVs mainly in China. Shares have been battered as the company continues to post losses without a clear-cut path to profitability. However, there are signs of a potential turnaround as vehicle margins are starting to improve. While the core emphasis of NIO is focused on its EV models and delivery numbers, NIO is simultaneously growing in another niche of the EV infrastructure buildout, battery swapping stations, ...