Nio New MASSIVE FACTORY! + [Partnership with Bao Steel REVEALED] | NIO BREAKING NEWS!

Nio Stock an Electric Vehicle company led by William Li has been dubbed the Tesla of China! In today's video, we go over recent Nio Stock Breaking News & cover Nio's recent partnership with Baoshan Iron & Steel aka Bao Steel. On January 10th this year, the leading Chinese steel producer Baoshan Iron and Steel just signed an agreement with the EV startup NIO. This will get NIO a boost in terms of their supplies, as non-oriented silicon steel, cold-rolled automotive steel, as well as aluminum materials, will be provided by Baosteel. On top of that Nio recently announced the opening of a second MASSIVE factory. Nio and its manufacturing partner, state-owned automaker Jianghuai Automobile Group, had started building Nio’s second factory last April 29, 2021. The factory is said to be located in Hefei. At the end of November, almost seven months after it had announced the construction of its second factory, NIO had already begun installing equipment at the plant. The news surfaced after Nio began posting blue-collar positions through its recruitment page early this year even when it had announced that its second plant would officially start production in September of 2022. According to news reports, Nio’s second factory covers a total floor area of 437,000 square meters and it is expected to produce 300,000 vehicles per year. During NIO Day last December 2021, Nio’s founder and Chief Executive Officer William Li revealed Nio’s second sedan, the ET5. Nio’s newest sedan model is directly competing against Tesla Inc.’s most popular Model 3. Chief Executive Officer William Li also added that they are planning to enter Germany, Netherlands, Denmark, and Sweden in 2022, and reach 25 countries by 2025 and that it also seeks access to the U.S. market. Should the technoking be worried? Let us know what you think in the comments below. According to Citibank analyst Jeff Chung, "new energy vehicles" represented almost 23% of new passenger-vehicle sales in China in December. Overall, sales of new energy vehicles in China rose about 180% in 2021 from 2020. Moreover, Macquarie analyst Erica Chen assigned Nio's U.S.-traded shares a price target of $37.70, which is around 20% from its current levels. #NioStock #BaoSteelNioPartnership #NioNewPartnershipBaoshanIron&Steel #NioBreakingNews #NioSecondFactory #NioElectricVehicles #WilliamLiNioCEO #NioExpansion #NioElectricVehicle #NioFactoryHefei #Niosmassivenewfactory #NioHiringNewFactory #NioStockUpdate #Stocks *We are not financial advisors so please always do your own due diligence* Follow us on Social Media 📱 Instagram - WEALTHGAMBIT Facebook - WEALTHGAMBIT Twitter - WEALTHGAMBIT Reddit - WEALTHGAMBIT FTC Legal Disclaimer - Some links found in our description box may contain affiliate links, meaning we may make a commission on sales you make through the link.