10 Best Long Term Stocks to Buy Under $20 

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6. NIO Inc. (NYSE:NIO)

Number of Hedge Fund Holders: 31

NIO Inc. (NYSE:NIO) is one of the best long term stocks to buy under $20. NIO Inc. (NYSE:NIO) announced its May 2026 delivery results on June 1, reporting that it delivered 37,705 vehicles in the month, representing a notable growth of 62.3% year-over-year. The deliveries comprised 20,013 vehicles from the NIO brand, 12,029 vehicles from the ONVO brand, and 5,663 vehicles from the FIREFLY brand, while cumulative deliveries reached 1,148,118 as of May 31, 2026.

NIO Inc. (NYSE:NIO) also announced the official launch of ONVO L80 on May 15, 2026, which is its smart flagship five-seat SUV, with deliveries commencing on May 16. Management stated that the L80 received strong user feedback since its launch, and as a category-defining product in the large five-seat SUV segment, it integrates flagship smart technologies, innovative space design, and a comprehensive charging and battery swapping network to address user needs in travel scenarios, space, and power solutions.

NIO Inc. (NYSE:NIO) designs, manufactures, and sells electric vehicles. It provides users with power express valet services, home charging, and other power solutions, such as battery swapping, public charging, and access to power mobile charging trucks. The company offers its products under the brands NIO, ONVO, and FIREFLY.

While we acknowledge the potential of NIO to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NIO and that has 100x upside potential, check out our report about the cheapest AI stock.

Click to continue reading and see the 5 Best Long Term Stocks to Buy Under $20.

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