7 Best Lithium and Battery Stocks to Buy Right Now

4. NIO Inc. (NYSE:NIO)

Number of Hedge Fund Holders: 34 

Analysts’ Upside Potential as of January 21: 29.19%

NIO Inc. (NYSE:NIO) is among the Best Battery Stocks.

Reuters reported on January 13, 2026, that NIO Inc. (NYSE:NIO) declared it would continue to grow its business operations in Europe. The European Commission’s announcement outlining the conditions under which Chinese-made EV producers could replace EU tariffs with minimum pricing plans prompted this. The corporation stated that current discussions aimed at reaching a mutually respectful solution were encouraging. Furthermore, it praised the advancements achieved between China and the EU.

On January 16, 2026, TheFly reported that Macquarie maintained its Outperform rating on NIO Inc. (NYSE:NIO). Its price target was raised from $5.30 to $6.10. The company increased its FY26 volume projection by 7% due to rising demand for the ES8 and Firefly models. Macquarie believes that volume growth of roughly 40% is possible even if it expects a bigger net loss and margin compression in FY26. This level of expansion would allow the firm to increase its market share despite the generally adverse circumstances for China’s electric vehicle industry.

NIO Inc. (NYSE:NIO) is a renowned electric car manufacturer that focuses on the premium category.