Nio (NYSE:NIO), the Chinese electric vehicle (EV) company that has become a barometer for EVs and China’s economy in general, is rising again. Recent concerns about China’s economy have caused NIO stock to suffer, but delivery news is boosting the stock this morning.

American and European automakers are still awaiting Chinese EV imports, with Nio the tip of the spear. CEO William Li has been loudly condemning American protectionism, which could lead to a broader trade war.

Nio needs to succeed in EV exports because it has already invested heavily in them. Its battery swap technology costs a lot of money to set up. The company still has just 30 centers for it across Europe. KPMG expects Chinese brands to capture 15% of Europe’s EV market by the end of this year.

#nio #ev #stocks #stockstobuy #stockstowatch