Keep an eye on electric vehicle stock, Nio (NIO).

After getting crushed, the stock is slowly pushing higher on news China just announced it would pay car owners about $1,400 if they replace their current cars with electric or hybrid models, as noted by The Wall Street Journal.

Watch this quick clip and get explosive profit pattern that appears right before popular stocks make major moves...

Analysts at DBS Holdings say NIO could see another 90% upside, reiterating a buy rating. The firm added that vehicle margins could rebound to a range of 15% to 18% as the production of newer vehicles comes online in upcoming quarters. In addition, Nio expects to strengthen its edge with the near-term rollout of its 2024 models, including the 2024 ES7, ET7 and ET5.


Ian Cooper