I’ve had my eye on Nio (NYSE:NIO) for a while now. I first bought NIO stock in June 2020 when it was less than $8 per share. I sold a little more than a year later when it was close to $50.
Sure, Nio was already off its all-time high at that point, but I still pocketed a gain of about 700%. I’m not complaining about that one!
Recently, I took another look at Nio, that followed up its huge 2020 gains with a disappointing 2021, falling by 35%.
I still think NIO stock is set to have a solid 2022. But it’s also fair to point out that Nio, one of the top electric vehicle makers in China, is quickly losing ground to a couple of key competitors.
Discover more about Nio stock here
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