Is NIO Stock’s Cool Battery Swap Tech, Enough to Survive the EV Bloodbath? | Markets

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The price war underway in the electric vehicle market is good for no one but especially not for Nio (NYSE:NIO) stock. Operating losses continue to expand as it continues to sell more vehicles at lower prices.

Although lower starting prices should attract more buyers, it’s already the case Nio is losing money on every car it sells. Reducing the amount of money coming in even more will only exacerbate the situation. It’s not alone, though, as many EV companies are already standing on their last legs.

Fisker (OTCMKTS:FSRN) teeters on the brink while Lucid Group (NASDAQ:LCID) may not be far behind. An industry shakeout is on the horizon with many of the weakest players likely to go under.

Yet Nio has a unique competitive advantage unavailable to other EV stocks. It should instead focus on that part of its business rather than participate in the mutually assured destruction war games EV stocks are waging.

A Closer Look at Nio Stock

Nio’s battery-swapping service could relieve concerns consumers have about travel range and time to charge. Going to a battery swap…

Source investorplace.com

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