Nio Inc foreshadows US expansion with newly leaked job postings

  • NYSE: NIO has had a difficult year for investors in 2021.
  • Nio has posted some work on LinkedIn that points to US expansion.
  • Investors and analysts remain bullish on the company for 2022.

NYSE: NIO captured the imagination of growth investors in 2020, when the stock surged from a penny stock to a legitimate global EV threat. So far in 2021, the journey has been a bit less uneventful for its shareholders, as Nio’s shares have fallen 43% to date. It has lagged its closest domestic competitors XPeng (NYSE: XPEV) and Li Auto (NASDAQ: LI) by a wide margin as those two stocks returned 4.51% and a loss of 6.28%, respectively. Nio remains a popular name in the rapidly expanding EV industry, but after a hot year in 2020, this year has certainly been one of consolidation and cooling.

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Despite the markets being closed on Friday, the Nio rumors were still in action. Some internet detectives have discovered that Nio’s vice president has added 46 new positions that are based in the United States, specifically in San Jose, California. It looks like the Nio expansion plans you recently mentioned at your Nio Day event are in full swing and the US expansion could be sooner than we anticipated. Nio unveiled a plan to expand into 25 new global markets by 2025, with plans for further European growth later in 2022.

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This expansion is one of the main headwinds for the company that has investors and analysts so optimistic about Nio heading into 2022. It is not unusual for a stock that has seen rapid periods of growth to pull back and trade within range as the market catches up on its valuations. In 2022, Nio is expected to double its production capacity and introduce at least three new models, including the recently introduced ET5 sedan.

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