Is it time to purchase NIO stock? NIO Stock News and Forecast: Is it time to buy NIO stock?

On Thursday, NIO finishes the session with a rather flat performance.
As delivery statistics and the Goldman upgrade boost the company, NIO shares are poised to break out.
The NIO stock is now aiming to ramp up manufacturing at its Hefei facility.

Despite a good performance by the equities market on Thursday, NIO stock was unable to find a buyer, and risk is once again present. NIO appears to be on the verge of a breakout, and we predicted that Thursday would be the day. Perhaps it will take off on Friday, but FXStreet remains positive in any case. China’s latest statistics was discouraging for the car sector as a whole. The statistics showed declining sales, but EV sales were actually increasing, bucking the trend in the market. But we’ll look at the bright side of yesterday and see the afternoon surge as a harbinger of things to come. On Thursday, NIO closed near the session’s high.

NIO stock news

Following last week’s significant upgrade from Goldman Sachs and news that Charlie Munger was increasing his position in NIO, the latest news flow is once again encouraging. According to reports this morning, NIO plans to increase capacity at its Hefei facility by up to 20% and up to…