Electric vehicle manufacturer NIO (NYSE:NIO) has had an interesting few months. The NIO share price has experienced quite a roller-coaster ride this year. NIO stock has been affected by the ongoing semiconductor shortage globally. Its vehicle deliveries for Q1 2021 increased by over 400% year-on-year. And its Q2 forecast of vehicles delivered is current between 21,000 and 22,000. Although this is double what was delivered in Q2 2020, it is only growth of 5%-10%, which is well below market and investor expectations. Nio announced its first second-generation battery swap location in the highway service area. It appears Nio is making a move at becoming the infrastructure leader in terms of battery swap locations in China. For investors in Nio, this is very exciting news.

#NIO #EV #Tesla
~NIO Battery Swap EV Maker Stock Analysis 📈~
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