EV, Phone Home
As Invstrs stroll towards the 2020 finish line, many are now more aware than ever that there is much to be concerned about in our little-ole world. Starting with nature’s blind destruction of habitats, to the virus, to civil unrest across the globe, it’s hard to remember a time where things were going very well for all of us.
For Nio Inc., a China based electric vehicle maker, the short term has looked very bright as the company reported record deliveries in the month of October. Rather than playing victim, companies like these see the problems in the world as an opportunity. Something to be adjusted, fixed and even used to make a profit.
On Monday, Nio Inc.’s shares hit an all-time high after rising over 8.5% during the trading session. This comes after the company reported record vehicle deliveries of more than 5000 for the month of October. This represents a 100% growth in sales compared to the same time last year.
With the success of Tesla, the public has serious interest in electric vehicles when done right. With the growth of any sector or industry, it is a very natural thing for competitors to pop up in all shapes and sizes and fight for their chance at a piece of the pie.
I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.