Compared to TSLA, NIO Stock Is Attractively Valued, Says Analyst

There’s not much arguing on the matter anymore with most agreeing that the future of the auto industry lies with electric vehicles (EVs).

Between 2022 and 2030, Mizuho analyst Vijay Rakesh projects BEV (battery electric vehicles) sales will grow at a CAGR (compound annual growth rate) of 22% globally and could be “resilient to macro risks from higher interest rates as the overall commercialization runway remains secular.”

Right now, China is the segment leader, representing roughly 64%…

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