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Could NIO Inc. Currently Be Undervalued and Is It a Good Buy?

NIO Inc. (NYSE: NIO) is an automobile manufacturer that specializes in the design and development of electric cars. The multinational company, which is based in Shanghai, is also focused on the development of battery-swapping stations for its cars.

Over the last couple of months, the company’s shares have recorded a 14% growth in price on the NYSE market. Despite the jump in price, however, NIO still has a lot of work to do before it can hit any…

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