Macquarie Downgrades NIO (NIO) on Weak ONVO Demand and Policy Risks

NIO Inc. (NYSE:NIO) is one of the best EV charging stocks to buy now. On November 25, Macquarie downgraded NIO Inc. (NYSE:NIO) from an Outperform rating to Neutral. The firm also lowered the price target for the Hong Kong listing by 23% and 21% for the US listing. Macquarie stated that the weakening demand for ONVO, NIO’s mass market brand, which was partly occasioned by the phase-out of government subsidies, is the main reason for their action. Macquarie Downgrades NIO (NIO) on Weak ONVO Demand and Polic ...