10 Best Robinhood Stocks Under $20 to Buy Now

7. Nio Inc (NYSE:NIO)

Stock Price: $5.60

Number of Hedge Fund Holders: 31

Stock Upside Potential: 15%

Nio Inc (NYSE:NIO) is among the best Robinhood stocks under $20 to buy now. The stock has gained almost 60% over the past year, and analysts see more upside potential.

On June 1, Nio Inc (NYSE:NIO) reported that it delivered 37,705 vehicles in May, representing an increase of 62.3% YoY. The company has delivered 150,526 vehicles year-to-date in 2026, marking an increase of 68.7% YoY.

Nio sells its vehicles under three brands: the namesake Nio, Onvo, and Firefly. In May, the Nio brand had deliveries of 20,013 vehicles, followed by Onvo at 12,029 and Firefly at 5,663.

The company reported strong market responses for its recently launched models, notably the ES8 from the Nio brand and L80 from the Onvo brand.

A fresh Nio brand model known as the ES9 just hit the market on May 27, with deliveries beginning immediately. The ES9 is a six-seater premium SUV, which Nio says is the largest of its kind in China. According to Nio CEO William Li, big cars sell well in China. This car has a range of up to 385 miles and is fitted with a 47-speaker sound system.

Nio Inc (NYSE:NIO) is a Chinese electric vehicle company founded in 2014. Its portfolio includes sedans and SUVs. The company is a pioneer of the battery-swap technology that allows drivers to replace their depleted batteries with fresh ones in only minutes to bypass traditional charging times.