NIO SIGNED HUGE DEAL – This Is GAME CHANGING (MASSIVE NEWS) – NIO STOCK PRICE PREDICTION

Like And Subscribe!

Source: https://cnevpost.com/2021/03/20/nio-signs-agreement-with-state-owned-infrastructure-firm-to-accelerate-battery-swap-station-construction/

As we are seeing NIO stock slowly RECOVERING along with the other EV stocks WE SAW IT going up a strong 4% on Friday to 43 dollars a share. While it is still far away from its all time highs it just makes me more happy to be able to pick up shares at these cheaper prices. Great things keep happening to this company and now they just signed a MASSIVE deal with the Chinese Government. Let’s talk about these exciting news and go through WHEN I think NIO will be hitting new all time highs.

So firstly looking at the stock chart I can imagine some people are getting frustrated with NIO but just like the other growth stocks that have gone down THIS IS ALL SIMPLY due to the market being scared of the federal reserve tightening monetary policy and raising the rates earlier than expected although we keep seeing CHAIRMAN Jerome Powell ASSURING US that this won’t happen. My point is that this current downswing has nothing to do with NIO as a company and I think that anyone that can REALIZE THAT and BUY IN WHEN EVERYONE else is selling WILL VERY LIKELY BE REWARDED in the future when we start hearing everyone wish that NIO WAS CHEAPER AND THAT THEY WOULD HAVE BOUGHT THE DIP.

Right now the average PRICE TARGET of 10 analysts on tipranks is 65 dollars and just that implies a 50% upside from the current levels. As I keep saying in my videos we also have reports from JPMorgan, Deutsche Bank and Bank of America among others, that ALL ARE INCREDIBLY BULLISH on NIO Stock so I truly think that ANYONE who was bullish on NIO Stock back when it was at 60 dollars should be happy to see it eat 43 dollars TODAY. Just my opinion of course.

And guys things just keep getting better for this company with NIO JUST announcing THAT THEY SIGNED A PARTNERSHIP agreement with a Beijing-based state-owned company, taking things even further with the construction of their battery swap stations. NIO signed with the infrastructure company Beijing Shoufa Industrial and Trading Co at the NIO center in oriental plaza and it is a 5 year agreement to cooperate along the Beijing capital ring expressway.

These two companies will also work to optimize the layout of the energy supply, to promote the use of new energy vehicles and to improve the experience of high speed travel for Beijing residents. So this is really not only about building even more battery swapping stations and spreading the NIO brand THAT WAY.

It is also this state owned company DIRECTLY promoting new energy vehicles to consumers and I can imagine that it is likely MOSTLY NIO VEHICLES that they will focus extra on. Adding to that this makes the Chinese government more invested into seeing NIO succeed and it builds on their relationship. In the end there is NO WAY THAT WE DON’T see a couple SUPER SUCCESSFUL AND DOMINATING ELECTRIC VEHICLE companies coming out of China so SEEING THE STATE being this involved with NIO is a great sign that they will be backing it up no matter what in the future!

Source