It’s a similar function to the way that empty propane tanks are swapped for full ones or refilled at places such as Costco (NASDAQ:COST). NIO was ignited on news that investment bank Goldman Sachs (NYSE:GS) had upgraded the company’s stock to a “buy” rating and forecast that they could rise more than 60% to $56 per share. 7 Housing Stocks to Buy to Keep You Ahead of Inflation The new plant, which is being built in partnership with JAC Motor, will give Nio the capability to make up to 300,000 vehicles a year.