TipRanks
Nio: European Opportunity Beckons
European automakers, or more specifically, German ones, have historically claimed a big chunk of the premium auto market. Where luxury and performance are concerned, it has been hard to beat brands such as Audi, BMW, and Mercedes-Benz. Now, however, with the arrival of electric vehicles (EVs), even the top-end auto industry is ripe for disruption. Seizing this opportunity, Chinese EV maker Nio (NIO) has set its sights on gaining market share in the Old World. In Q3, Nio will make its official en