5 Best EV Penny Stocks to Buy

2. Nio Inc – ADR (NYSE:NIO)

Number of Hedge Fund Investors: 20

Nio Inc – ADR (NYSE:NIO) shares rose in early April after data for March showed some momentum picking up in the industry. Nio Inc – ADR (NYSE:NIO) recently said it opened a new Smart Driving Technology Center in Schönefeld, Germany, near Berlin.

Insider Monkey’s database shows that Nio Inc – ADR (NYSE:NIO) is one of the most popular EV penny stock among hedge funds, with 20 hedge fund investors.