10 Chinese Penny Stocks to Buy According to Analysts

8. NIO Inc. (NYSE:NIO)

Share Price (As of December 17): $4.42

Analysts Upside: 35%

NIO Inc. (NYSE:NIO) is a prominent electric vehicle company that specializes in premium smart EVs. The company is recognized for its battery swapping technology and Battery as a Service (BaaS) model, which provides customers with adaptable battery subscription options. NIO recently introduced its mass-market brand ONVO, which began selling vehicles equipped with features like battery swapping and support for various battery ranges in September 2024. In addition to that, some of the prominent products of NIO include ES8, ES6, EC6, and ET7. NIO mainly conducts its business in the domestic market.

NIO Inc. (NYSE:NIO) continues to increase its deliveries and November marked the seventh consecutive month of delivering over 20,000 EVs. Moreover, a “more proactive” fiscal policy in 2025 and the Chinese stimulus will assist NIO, potentially increasing its EV unit sales. NIO holds around 2.1% of the EV domestic market share in China. The company has diversified its business and is investing in new technologies in the EV industry.

Moreover, NIO has announced that its flagship executive sedan has been approved by China’s Ministry of Industry and Information Technology (MIIT). NIO’s upcoming ET9 luxury sedan, set to launch in Q1 2025, will be the first mass-produced car equipped with steer-by-wire technology. This will also be the first mass-produced vehicle with steer-by-wire technology in China. This technology enhances handling and driver experience and is aimed at executive-level buyers with a starting price above $110,000.