NIO ? Are traders ready to love it again LONG
NIO on the daily is 95% below its ATH Winter of 2021 and 50% lower YTD. In China NIO is
competing well with XPEV, LI , BYD and TSLA while it makes further penetrative into the
EU market. Its unique concept in action is battery leasing and battery swapping making
charging time no longer relevant. Apparently, the battery swapping time from a depleted
battery to one carrying a charge is 15-20 minutes. Being a bottom-seeking bargain hunter quite
often, I will take a long trade here with a planned duration of two earnings periods.
competing well with XPEV, LI , BYD and TSLA while it makes further penetrative into the
EU market. Its unique concept in action is battery leasing and battery swapping making
charging time no longer relevant. Apparently, the battery swapping time from a depleted
battery to one carrying a charge is 15-20 minutes. Being a bottom-seeking bargain hunter quite
often, I will take a long trade here with a planned duration of two earnings periods.
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