 Boom What's going on money gigs mr. V here welcome to another video guys so into this video I want to talk about ticket symbol and I owe Neo so this is the stock that we have been following here on the channel and neo has been making some moves As you guys know china has been cracking down a lot on Some of their companies the major companies out there and even Trying to dictate how they would if they should list on the new york exchange or not But neo is one of the companies where china as a as the state Is actually behind them and I can give you the good examples right now Neo hasn't gone through the scrutiny that other companies are going through. They're still able to maintain their position in expanding outside china, which I think it's a very Big thing for china They are trying to get to the point where they can compete with other countries like the united states as far as manufacturing and now Having a chinese homegrown company. I think it's massive for them. So That's why I wanted to talk about here in these particular videos Again, the news here is that neo has signed a deal To facilitate sales of vehicles to china's central government agency Again, this is not something that is surprising to me because like I said china has been really supportive of neo And really trying to build that brand As a major car manufacturer. So china has a bunch of other companies that are in this space Specifically, uh, neo here. We have xpeng. We have li auto And then I think there's a baidu. So there's there's a bunch of them there But neo is again really positioning themselves if you if you understand the company When we started talking about it here on the channel, they had they started with uh, suv As you can see here in this video is e s eight and then just this year They introduced their sedan which is going to really go against tesla because tesla sells in china And so if the chinese government if their goal is to make sure that they expand their branding Explain your own company. What do you think is going to happen? They're not going to want to have China or have the united states come in with tesla and overtake them So they're going to try to push it Then the other thing to that neo is doing is they are expanding into no way So as a matter of fact, let me bring up that so you guys can actually see So as you can see here, neo actually has made their debut into no way They're really doing some shipping of vehicles into no way and from here It's just a matter of time for neo to really start expanding outside no way So this is a major step in neo moving forward. So again, neo is priming himself for me I'm a long-term investor in the company and I anticipate that Neo is going to continue to make moves like this to expand outside China again I told you guys that the chinese government has spent billions of dollars Expanding globally expanding the chinese brand as a country expanding the brand just like you have america as a brand China is doing the same thing. So they are they are expanding outside Asia if you go to africa a lot of african countries right now have a major chinese presence You go to south america a similar thing you go to the caribbean a similar thing So the united states in my personal opinion is lagging behind because what china is doing China is putting together a ground game that's that's unbeatable. So if america doesn't step up Man, it's gonna be tough for them to compete globally With what china is doing again as you can see here. They have their major The et7. This is the sedan that's coming out and then obviously you can see here There are suvs that been out already and then their sports car That's also in the making so again Neo has some really good things if you look at the neo house, which is going beyond just making cars You look at neo power you look at neo service and i'll talk to about their battery swap and all that good stuff that neo is doing So i'm definitely thinking neo is really priming himself to be A powerhouse and the chinese government is actually supporting them in this endeavor So that's my personal opinion here. So what does this mean for neo stock? I personally think that this stock right now is just consolidating so There's a possibility of this stock really Just skyrocketing we know for sure the market is really choppy Now and so if they stock and hold within this range, i mean i'm seeing somewhere between 35 and 45 Just that range if it stays within that range, then this is obviously a stock that you want to hang on to again Me i'm holding neo long term So this is not something that i'm actually buying and selling now This is just holding long term and i'm going to continue to buy as i see the opportunity presents itself So definitely keep an eye on neo here guys because this stock is definitely going to is definitely going to explode As i said guys if you are not into the stock find that price range between 35 and 45 somewhere in there and start a position and again Do your due diligence i'm i'm saying this from position of having done my due diligence Again a recap here neo is doing some wonderful things neo is expanding outside mainland china outside asia Into europe the fact that they've already gotten that footstep because if you think of the powerhouses in europe like the bmw Again, like the audits and yet you have neo coming into that market the Mercedes of the world neo is coming into that market and they're coming through what i'll call a back door They didn't start with germany or france or the big uh the big names in europe They're starting with countries like norway and finland and then you see them expand from scandinavia and slowly Get into mainland europe. So that is to me a good thing that's going to happen to them So again, let me know in the comment section what you think about it Do you think neo is really the powerhouse that china is making it to be or you think oh Maybe it's just another chinese company again Let me know in the comment section if you're new to the china guys We talk about how to earn money how to save money how to invest and build wealth If you have something that interests you go ahead and hit that subscribe button and the notification bell So you don't miss out on your content also guys if you're looking to get started with investing We both have their promotion way if you sign up and deposit five dollars You get two free stocks at no cost to you links in the description below and as always guys Do your due diligence. Don't be a great savage Stay motivated