5 Best EV Charging Stocks To Invest In

4. NIO Inc. (NYSE:NIO)

Number of Hedge Fund Holders: 20

With a focus on accessibility and sustainability, NIO Inc. (NYSE:NIO) is actively expanding its charging network to provide reliable and convenient solutions for EV owners. Among its standout offerings is the Power Swap station, a concept allowing NIO EV owners to swap depleted batteries for fully charged ones in minutes, dramatically reducing charging time compared to conventional charging stations.

Between Q3 2023 and Q4 2023, there was an increase in the number of hedge funds holding in NIO Inc. (NYSE:NIO) from 18 to 20. The total value of these holdings increased from approximately $156.84 million to $211.68 million. This indicates growing interest and confidence among hedge funds in NIO Inc. (NYSE:NIO).