Based on Technical Analysis, the idea is to go long, but there might be a potential setback before going up.
NIO
Nio Inc – ADR (NYSE: NIO) on Friday launched its 100 kilowatt-hour battery and also announced battery upgrade plans at a an event in Beijing, underlining its accent on innovation and services.
Nio's 100-kWh Battery: Nio said its 100-kWh battery features cell-to-pack technology, realizing 37% higher energy density, and the new battery increases the NEDC range of Nio vehicles to 615 km.
In 2018, the company launched a 70-kWh battery, which was enhanced to 84 kWh in 2019.
Reports suggest that the company is also working on a 150-kWh battery that could be announced at the Nio Day scheduled for January. This would increase the NEDC range of the company's models to more than 900 km.
NIONio Inc – ADR (NYSE: NIO) on Friday launched its 100 kilowatt-hour battery and also announced battery upgrade plans at a an event in Beijing, underlining its accent on innovation and services.
Nio's 100-kWh Battery: Nio said its 100-kWh battery features cell-to-pack technology, realizing 37% higher energy density, and the new battery increases the NEDC range of Nio vehicles to 615 km.
In 2018, the company launched a 70-kWh battery, which was enhanced to 84 kWh in 2019.
Reports suggest that the company is also working on a 150-kWh battery that could be announced at the Nio Day scheduled for January. This would increase the NEDC range of the company's models to more than 900 km.
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