Nio is part of the Big 4 of Chinese EV companies, the others being Tesla (ticker: TSLA), Li Auto (ticker: LI), and XPeng (ticker: XPEV).
Nio is one of the most popular stocks in the entire stock market, largely because of the promising industry it is in, as the electric vehicle industry is projected to grow at a compounded rate of 41.5% from 2020 to 2027, with an estimated 81% of all cars sold estimated to be…