Nio Stock Updates: China is Preparing for More | This Year could be Big for Nio amd Others

On today's video we will be talking of the Nio latest Stock updates looking at what might come this this year from the Chinese Government that will result in NEO companies like Nio benefiting in terms of getting more sales as a result of the government support to the NEV industry, which is massive. So watch this video until the end to understand what this could mean for Nio going forward.

In December, wholesale sales of passenger NEVs in China are estimated at 1.5 million units, up 35 percent year-on-year and up 5 percent from November, the China Passenger Car Association (CPCA) said in a report today. Estimated sales of these carmakers in December were 1.41 million units, and based on last month's structure, China's December passenger NEV wholesale sales is estimated at 1.5 million units, CPCA said.

Now Nio is one of the stock which is set for greatness as it has so many strong fundamentals that are ready to drive its stock price higher. Not only is it having this good strong fundamentals but even its industry which is the EV(Electric Vehicle) is set to to very well both in China and Europe in the years to come. According to the Mizuho analyst international sales will constitute 30% of Nio overall EV sales, which is very good as it means that not only will it do well in China but it will also do well outside of China.

Otherwise a disclaimer to note on these video is that all content that I will be sharing on the video must not be taken as professional financial advise as there are just my opinions. Otherwise for more stock market videos visit our youtube channel @Phumudzo Siphoro

I hope you enjoy the video and I wish you nothing but the best in your
stock market investing journey.

God Bless you All


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