Consolidation or Collapse? NIO's Future Is Uncertain Amid China's EV Crackdown.

The Chinese government’s intention to crack down on mindless EV expansion by the country’s major manufacturers has a positive and negative effect on the Nio (NYSE:NIO) stock outlook. Fortune reported in January that Bejing would come down hard on manufacturers undertaking projects to build additional capacity in the country when demand for EVs is simply not there. The Europeans argue that the subsidies provided by the Chinese government make it easy for Chinese EV makers to flood the car market with cheap E ...