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When reading electric-vehicle (EV) industry headlines, you sometimes might think EV sales are cratering. The gloom that surrounds the industry is real.
Tesla Inc. NASDAQ: TSLA has had an incredible stock run, climbing by more than 68% in the last year and an incredible 1,139% in the last five years as of January 9, 2025. The electric car giant remains the largest auto manufacturer worldwide by market cap—at $1.24 trillion, it is about five times as large as the next-biggest automotive company.
Nio (NIO -4.21%) has always been an intriguing stock. It's a large player in the Chinese electric vehicle (EV) market, but also positions itself as a lifestyle brand with leisure stores and its own line of smartphones, while also developing technologies such as solid-state batteries.
Investors have been patiently waiting for Nio (NIO -4.21%) to post explosive delivery growth for years now. The Chinese electric-vehicle (EV) maker has reported strong numbers, including eight consecutive months of deliveries topping 20,000 units, but the figures remained stagnant through much of 2024.
NIO: High Growth And A Bit Of A Bargain
Nio stock price had another difficult year even as the company made strong progress in terms of market share and its future profitability. It started 2024 trading at $8.64, then plunged to $3.65, and then bounced back and found substantial resistance at $7.70.
U.S. listed Chinese stocks, including Alibaba Group Holding BABA, Baidu, Inc BIDU, JD.com, Inc JD, PDD Holdings Inc PDD, Bilibili Inc BILI, NIO Inc NIO, XPeng Inc XPEV Li Auto Inc LI remained on investor watchlist on Monday.
KULR Technology Group's (KULR 9.21%) stock soared over 1,000% over the past two months. The energy solutions company impressed the market by gaining more commercial and government contracts.
Chinese luxury electric vehicle maker Nio stock reported record deliveries of 31,138 vehicles in December, marking an increase of 73% compared to last year. Deliveries were also up 51% from 20,575 in November.
Now that the confetti and champagne bottles have been cleared away, many people are looking to start the new year off by adding some new names to their portfolios. With so many stocks to consider, it's easy to feel overwhelmed with the choices.