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NIO just dropped a HUGE ANNOUNCMENT, Let’s go over these news and why I think it will really take NIO to the next level. Lastly I will talk about my prediction for NIO in January of 2021 so make sure to watch until the end.
So this trading day has not been very exciting for NIO. Pretty much trading sideways and landing at a share price of 47 dollars a share which is still an increase from just around a week ago. An about 18% increase from the lows of 39.88 dollars. Make sure to relax and hold your stock through all the tough times and you will be rewarded, as we have seen time and time again!
It is soo typical to sell a stock as soon as it goes down and buy it when it goes up. But it should really be the opposite!! The so called, buy low, sell high! Fortunately this mistake only takes place when an investor is buying a stock just because everyone else is buying it. So make sure to learn about NIO as a company and understand them so you never panic if the stock goes down for some reason. I personally really believe in NIO and I think that they will be a world leading electric vehicle company in the future so I really only look at short term fluctuations as buying opportunities.
But with this said I see us getting back to the 50 dollar levels much sooner than we think and especially as we get closer to NIO day where NIO will be showing off a bunch of their recent innovations. And guys that takes us to ONE OF THE MAJOR announcements for today.
According to Autohome.com.cn NIO co-founder and president Qin LiHon JUST SAID THAT At the NIO Day event on January 9, 2021, NIO will unveil its first sedan, 150kWh battery, NT2.0 autonomous driving platform, and second-generation battery swap station.
This is not the first time we have seen the talk about the 150kWh battery. On October 30, at, NIO founder William Li Bin said that NIO was working on a 150kWh battery pack that will give its cars a range of more than 900km. BUT NOW IT IS finally confirmed that it is HERE.
This an absolute game changer and it means that even compared to fuel-efficient Japanese hybrids, NIO will be able to get more mileage from one battery cell than these hybrids can get from one tank of gas.If the 150kWh battery pack is put into use, it would effectively more than double an ES6’s range of 430km.
Guys this is just huge. When they start releasing this battery pack NIO will be MILES :))) ahead of the other electric vehicle companies when it comes range and they will further solidify their position as TECHNOLOGICAL HEAVYWEIGHTS.
He also mentioned the capacity ramp-up plan for the 100 kWh battery pack: 1,500 units are expected to be released to the market in December, more than 3,000 units and the number will stabilize at more than 4,000 units in March and beyond. Again giving us very high expectations THAT they still seem to be able to MEET EVERY TIME. Keep in mind that even the 100kwh
battery pack is ahead of the competition. For comparison Tesla model 3 will be equipped with an 82 kwh battery pack in 2021, which is STILL really good by the way! SO if nio MANAGES TO stabilize at more than 4000 units a month WITH THE 100KWH BATTERY PACK that would be insanely good for the company and therefore the NIO share price!