Will A Lower Cost EV Line Up Help Drive Nio's Stock Higher After 33% Fall Last Month?

A NIO auto store is seen in Yantai, Shandong Province, China, on January 31, 2024. (Photo by ... [+] Costfoto/NurPhoto via Getty Images)NurPhoto via Getty ImagesChinese luxury electric vehicle maker Nio stock delivered 10,055 vehicles for January, marking an 18% increase from 8,506 a year ago although it was down almost 44% from 18,012 units delivered in December. While year-over-year sales growth was likely driven by higher sales of the updated ES6 SUV, which launched in early 2023, as well as year-end sal ...