Will Nio stock make a comeback in 2024?

With the end of 2023 drawing near and 2024 about to begin, Chinese electric vehicle (EV) company Nio Inc. (NYSE: NIO) has had an eventful year, particularly in terms of its stock price movements that have seen it decline nearly 18% since the year’s turn but make significant progress in recent weeks.As it happens, Nio has faced a challenging landscape this year, demonstrated by a slowdown in demand and production growth, increased competition, and other negative developments, leading the price of the EV manu ...