12 Best EV Stocks To Buy in 2025

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9. NIO Inc. (NYSE:NIO)

Number of Hedge Fund Holders: 20

NIO Inc. (NYSE:NIO) is ranked ninth on our list of the Best EV Stocks. It is a Chinese electric car producer, has been publicly listed since September 2018, but many initial public offerings by other Chinese electric car makers have sparked investor interest in it.

The firm is benefiting from high client demand in China. After reporting 221,970 vehicle deliveries in 2024, a 38.7% jump over 2023, NIO Inc. (NYSE:NIO) announced significant growth in the first quarter of 2025, with 42,094 vehicle deliveries, 40.1% higher than the same time in 2024. As projected, total vehicle revenue climbed. The company reported automotive revenue of around $7.98 billion in 2024, reflecting an 18.2% spike over the previous year. In addition, its gross profit margin rose from 5.5% in 2023 to 9.9% in 2024.

On its fourth quarter 2024 conference call, NIO Inc. (NYSE:NIO) described the ET9 as “a flagship smart executive sedan” and announced that sales will begin in March 2025.

In 2024, the company installed 3,245 power exchange stations worldwide and manufactured over 25,000 power chargers. During the New Year’s holiday, a record 137,000 battery changes were completed in one day.

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