NIO Inc. is a pioneer and a leading company in the premium smart electric vehicle market.
Founded in November 2014, NIO’s mission is to shape a joyful lifestyle. NIO aims to build a community starting with smart electric vehicles to share joy and grow together with users.
NIO designs, develops, jointly manufactures and sells premium smart electric vehicles, driving innovations in next-generation technologies in autonomous driving, digital technologies, electric powertrains and batteries.
NIO differentiates itself through its continuous technological breakthroughs and innovations, such as its industry-leading battery swapping technologies, Battery as a Service, or BaaS, as well as its proprietary autonomous driving technologies and Autonomous Driving as a Service, or ADaaS.
NIO’s product portfolio consists of the ES8, a six-seater smart electric flagship SUV, the ES7 (or the EL7), a mid-large five-seater smart electric SUV, the ES6, a five-seater all-round smart electric SUV, the EC7, a five-seater smart electric flagship coupe SUV, the EC6, a five-seater smart electric coupe SUV, the ET7, a smart electric flagship sedan, and the ET5, a mid-size smart electric sedan.
The 1st quarter financial results for 2023 doesn't look good:
Chart wise, bullish mode!
Likely to continue to trend higher!
Short term wise, I think she may rise up to test 10.75.
A nice breakout of 10.75 smoothly plus good volume that may likely drive the price higher towards 12 than 12.52.
Not a call to buy or sell!
Please dyodd.
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