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Electric vehicle maker Nio (NYSE: NIO) experienced a drop in deliveries in August and that led to a drop in NIO inventory, however, Nio is on its own.
Most electric vehicle brands have noticed a drop in deliveries due to a chip shortage that is expected to continue in the near future, but this point is an ideal buying opportunity for Nio fans. lately trading at $38.
Despite the decrease in the number of deliveries, the company maintains strategic partnerships in the industry and strengthens its position. We don’t judge the automaker on the basis of delivery figures for the month of August, but we look beyond.
For electric vehicle manufacturers, this is just the beginning of growth, given the measures taken through the government to advertise electric cars in the country, the call will increase and that is when Nio will get the most out of it. lately running to expand its production capacity and in the coming years it will be where all the action is.
Nio recently signed a deal with Lotus, a British automaker. This partnership will allow Lotus to evolve into an all-electric fleet. This is a $2. 4 billion deal funded through Nio Capital and 4 new Lotus cars will hit the market next year. will take a position at the joint progression plant in Wuhan, China.
This is a strong resolution through Nio and will only have its position in the constantly expanding electric vehicle market. Alin a position marked its presence in Norway and is in a position to expand there. However, the chip shortage would possibly not allow the corporate to meet expansion targets in the immediate future, although it will be carried out soon.
Nio recently opened a new freight line in the southwest china region as a component of the Power Up plan. This is the company’s third address in this plan, and here it offers 15 charging stations, as well as battery interchange stations. Nio aims to implement more than 30,000 battery charging destinations in China.
The company will also have its interchange stations in Norway, where alin a position sells its cars. The 4 interchange stations in and around Oslo will be in one position until the end of this year. It also plans to open the first Nio service and delivery center in Oslo this month.
Nio has strong foundations and an impressive diversity of products. This decline is the transience and NIO’s inventory will soon succeed at new highs. All electric vehicle brands are facing chip shortages and once this challenge is resolved, Nio’s expansion will no longer be able to be stopped.
Buy NIO inventories in the channel and long-term. Inventory will make a profit in the future.
At the time of publication, Vandita Jadeja had (directly or indirectly) no position on the values discussed in this article. The perspectives expressed in this article are those of the author, the subject of investorplace’s publication Guidelines. com.
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