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.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
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.
Read full Disclosure
