EV maker NIO (NYSE:NIO) has opened its first German battery swap unit, according to CNEVPost. The development comes days before the company’s official entry into the country on October 7.
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Further, the company is expected to launch three models in Europe next month and has announced two battery stations in Norway so far.
What Is a Good Price for NIO Stock?
While NIO stock has slid nearly 51% over the past 12 months, analysts remain Bullish about the stock with a Strong Buy consensus rating alongside an average price target of $30.51 which indicates a substantial 76.05% potential upside in the stock.
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