5 Big Investors Betting on NIO Stock

It hasn’t been a pretty past one year for Nio (NYSE:NIO), as shares of the Chinese electric vehicle (EV) company have shed nearly 30% over the period. This decline comes in light of EV price wars and a weak Chinese economy.At the same time, Nio’s deliveries are steadily growing. During 2023, the company delivered 160,038 vehicles, up by 30.7% year-over-year (YOY). Sales growth didn’t match the pace of deliveries, tallying in at $7.83 billion and up by 12.9% YOY. One of the reasons why is that vehicle margin ...