NIO (NYSE: NIO) Should Watch Out for the New Competitor on the Prowl as Lucid Air Is Gearing up To Be an Attractive Alternative To the Upcoming EE7 Sedan
NIO (NYSE:NIO) has just concluded a phenomenal trading week, eking out a gain of over 30 percent in the 5-day period. However, in a development that flew largely under the radar of the investors, Lucid Air is gearing up to offer a very attractive alternative to NIO’s EE7 sedan – expected to debut at the NIO Day event that will be held in Chengdu, China, on the 9th of January 2021.
Bear in mind that there is still some confusion as to whether NIO will unveil the sportier EE7 or the more conventional ET7 sedan at the much-anticipated event. Either way, the thesis of this article will remain unchanged.