NIO vs. Geely: Which Electric Vehicle Manufacturer is a Better Buy? By StockNews

NIO vs. Geely: Which Electric Vehicle Manufacturer is a Better Buy?

Stock MarketsApr 14, 2021 04:30PM ET

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NIO vs. Geely: Which Electric Vehicle Manufacturer is a Better Buy?

The electric vehicle (EV) market is expected to expand thanks to continued innovations and government initiatives to gradually replace internal combustion vehicles with EVs. So, can NIO Inc. (NIO) and Geely Automobile (GELYF) capitalize on these tailwinds? Read on to learn if either of these stocks is a good buy now.The global electric vehicle (EV) market is expected to achieve new highs in 2021 with increasing sales, especially in China and Europe. The industry's impressive growth prospects have attracted many new entrants. While the shares of most of companies in the sector have skyrocketed over the past year, many of them don’t have enough financial strength or sufficiently robust product pipelines to justify their current valuations.

NIO Inc. (NIO) and Geely Automobile Holdings (OTC:GELYF) Limited (GEELY), two popular EV manufacturers based in China and Hong Kong, respectively, have made progress over the past year. However, their near-term prospects don’t look promising.

Click here to checkout our Electric Vehicle Industry Report for 2021

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