NIO: EV Slump Won't Last

Robert Way/iStock Editorial via Getty Images NIO Inc. (NYSE:NIO) has been squeezed by negativity surrounding both the Chinese economy and electric vehicles ("EVs") market. The stock has slumped to only $6 despite record production in the 2H'23 and signs of further ramps in 2024 with move into sub-brands. My investment thesis is again ultra Bullish on the stock after the dip back down to the lows. Source: Finviz Upwards NIO ended 2023 on a high note with December vehicle deliveries at 18,012. The Chinese EV ...