NIO stock price prediction

Last Updated February 5th 2023
9 Min Read

NIO Inc (NIO) has been on a downtrend since 2021. However, it continues to gain investor interest among the most searched stocks on the internet. For instance, searches for “Is NIO stock a buy now?” and “Will NIO stock ever recover? If you, too, are wondering whether it makes sense to invest in this electric car stock, you have come to the right place for information.  

In this article, we look at NIO’s current price and then make a NIO price prediction for 2023 to 2030.

From our NIO price forecast, this stock could end 2023 at 20, rise to $60 in 2024, $200 by 2025, and $500 by the end of 2030. 

But are these NIO price predictions realistic? Is NIO a good investment long-term? If you have struggled with these questions, keep reading to learn more about the latest NIO price predictions. By the end of this article, you should be in a position to determine whether NIO is a good investment between 2023 and 2030.  

 

NIO Price Predictions 2023, 2025 and 2030

How high can NIO stock go in the foreseeable future? To help you decide whether NIO is an excellent stock to buy today, here are some key targets it could hit before the end of 2030:

  • End of 2023: If the stock markets improve in the last two months, NIO could end the year at a high of $20.
  • End of 2025: Analysts expect that NIO will turn profitable by the end of 2025. This could trigger a price rally that could see NIO end the year at $200.
  • End of 2030: With electric vehicles set to be the mainstay on roads by 2030. NIO revenues are likely to shoot up. Analysts expect NIO to trade at $500 or more by the end of 2030.
 



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About NIO Stock

NIO Inc is an electric car company that is based in Shanghai, China. The company is involved in everything from the design to the production of a wide array of electric cars, especially electric SUVs. At the same time, the company is involved in the production of charging solutions and other aspects of the electric car value chain. NIO Inc is expected to be one of the biggest competitors to top electric car manufacturers like Tesla (TSLA) going into the future. 

Other notable NIO Inc competitors are as below:

  • Rivian Automotive (RIVN)
  • Lucid Group (LCID)
  • Honda Motor (HMC)

NIO Inc is often taunted as the Tesla of the electric car market. One of the main reasons it constantly makes it to the list of high-potential stocks to buy now is its core market. NIO is heavily focused on the Chinese electric car market, one of the largest EV markets in the world. As such, there are huge expectations that NIO's stock price will increase as the demand for electric vehicles grows in China.

With the increased decoupling between the US and China, the odds are that NIO Inc could play a more important role in the Chinese market relative to foreign competitors. This could play into its revenues and value growth over time. 

Historical Look At NIO’s Price Movements

To make an informed decision when investing in the stock market, it is always important to look at its price history. This can give you an idea of whether you are buying high or low. Of course, you also have to take a keen look at the fundamentals as they have a huge role to play in the price going into the future. 

  • NIO Price at inception: NIO started trading in September 2018 and, at the time, was priced at $5.3. 
  • NIO Highest Price: NIO hit an all-time high of $62.84 in February 2021.
  • NIO Lowest Price:  NIO hit an all-time low of $1.51 in October 2019. 

Like most stocks, in recent times, NIO had its best time in 2020. However, it has since been on a downtrend. The geopolitical issues of 2020, coupled with rising global inflation, have impacted NIO and many other stocks. 

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NIO Inc Price Chart

NIO price chart

NIO stock price chart. Source: TradingView

NIO Technical Analysis

NIO has been on a downtrend since February 2021. The drop has been so steep that NIO is currently trading at a low of $9.23. However, it is notable that it is now trading close to a 2-year support level at $6.15. Selling volumes are dropping, too. That’s an indicator that after close to 2-years in the red, NIO is getting oversold. This indicates that if the market price rises in all the present uncertainties, NIO could see a rebound in the coming months and years. NIO's strong Q3 2023 results that showed a sharp increase in vehicle deliveries could play well into its value growth. It is not surprising that NIO has a strong buy rating of 1.8.

Expert’s Opinion On NIO Price Forecasts

To give you an idea of where NIO could go, we have compiled some analysts' price predictions on NIO.

According to HSBC analyst Yuqian Ding, NIO could end 2023 at $54. Ding said,

We estimate NIO’s 2023 volume growth at 79%, stronger than our growth forecast for China’s EV market (37%)”

CitiGroup analyst Jeff Chung is one of the more optimistic with a target of $87 for the year. Chung said,

Given their strong product offerings, we expect local brands to retain 65%+ market share in China NEV (new energy vehicles) sales in 2023-25E despite increased competition from the continued expansion of Tesla and other foreign brands, which began to grow their electric vehicle divisions in recent years.

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NIO Price Predictions Short-Term Outlook

While most analysts have highly optimistic targets for NIO, with less than 2-months left to the end of the year, NIO is only likely to test $20 by the year. The macro conditions don’t support any major price move in such a short time. 

NIO Stock Price Prediction 2023

As mentioned above, NIO could end the year at around $20. While it’s not an astronomical move, it is still huge, given that NIO currently trades at $9.

NIO Price Prediction 2024

If the markets absorb everything from 2023 and start to rise in 2023, then NIO price forecast could easily test a high of $50 in 2023. 

NIO Price Predictions – The Long-Term Outlook

While it is not easy to predict how an individual stock can perform long-term, core fundamentals can guide you in the potential direction. 

NIO Price Prediction 2025

Analysts expect NIO to turn profitable in 2024. If the numbers beat expectations, then NIO could see exponential growth in price in 2025. It is on this basis that our NIO price prediction for 2025 is $200.

NIO Price Prediction 2030

If NIO turns profitable in the next few years, it should have recorded significant growth in 2030 through market share and product offerings. It is on this basis that our NIO price prediction for 2030 is $500.

Potential Highs And Lows 

The key factor to watch in NIO’s price action is its growth in the Chinese market. China is currently the largest electric car market in the world. If NIO can record growth in this market, then its price could do well in the future.

However, like all other stocks, NIO’s price fluctuates at any given time. To help you get more predictable entry points, here are the potential highs and lows for NIO stock forecasts.

Year High Low
2023 $20 $5
2024 $40 $18
2025 $120 $80
2026 $200 $150
2027 $350 $300
2030 $500 $430

 

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Key Factors Likely To Affect NIO Price Between 2023 And 2030

Fundamentals are the most important factors when looking to invest in a stock. Below are some of the core factors that could play into NIO’s price in short to long term.

EV Market growth in China

NIO is one of the largest electric vehicle companies in China. This means if the market keeps expanding with more people demanding EV cars, then NIO could see its revenues surge, which means better stock price performance in the long term.

How NIO handles the competition

It is important to note that NIO is just one of many EV companies in China and globally. For the company to remain competitive, it has to keep innovating and find a way to grow its market share.

Ownership of the production process

NIO currently uses other companies for its manufacturing process. However, the contract with its current manufacturer runs up to 2024. If NIO does not renew the contract, and opts to do manufacturing in-house, it could lead to a surge in costs in the medium term.

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Conclusion – NIO Price Prediction

This article has looked at what analysts think about NIO’s price in the short and long term. We have also used both technical and fundamental analysis to try and analyze how NIO could trade in 2023, 2025, and 2030. From our research, we believe NIO could test $20 by the end of 2023, $200 by 2025, and $500 by 2030. We have also looked at how to buy NIO stock using eToro

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FAQs

What does NIO Inc do?

NIO Inc is a Chinese electric vehicle company.

When did NIO hit the market?

NIO started trading in 2018. 

Is NIO a good investment?

With electric vehicles set to replace the internal combustion engine, there is no doubt that NIO, like other electric companies, could do well going into the future.

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