10 High Growth EV Stocks to Invest In

5.  NIO Inc. (NYSE:NIO)

Average 5-Year Revenue Growth: 53.06%

NIO Inc. (NYSE:NIO) is a prominent Chinese producer of electric vehicles, or EVs, that targets the high-end market. The suggested retail pricing for its current model portfolio, which has a driving range of 465-710 km, ranges from CNY 207,000 to CNY 598,000. In 2024, it also introduced a new mass-market brand to capitalize on strong demand while maintaining the firm’s premium reputation. The business sets itself apart with ongoing developments and technological achievements like autonomous driving and battery swapping. It is among the High Growth Stocks.

China’s strong client demand is helping the business. After reporting 221,970 vehicle deliveries in 2024, a 38.7% increase over 2023, NIO Inc. (NYSE:NIO) revealed considerable growth in the first quarter of 2025, with 42,094 vehicle deliveries, 40.1% more than the same period in 2024. Total car revenue grew as anticipated. In 2024, the company’s automotive revenue was approximately $7.98 billion, an 18.2% rise over the year before. Furthermore, it increased its gross profit margin from 5.5% in 2023 to 9.9% in 2024.

NIO Inc. (NYSE:NIO) produced more than 25,000 power chargers and deployed 3,245 power exchange stations globally in 2024. During the New Year’s holiday, a record 137,000 battery changes were completed in one day.