Is Nio Stock a Buy?

There was both good news and bad news for investors when Chinese electric vehicle (EV) maker Nio (NIO -1.96%) reported its fourth-quarter and full-year 2023 results in early March. Nio's vehicle deliveries were 25% higher year over year in the quarterly period. And revenue for the full year rose by 13% to a new record.But competition in the Chinese EV market heightened last year, leading to lower prices as EV makers tried harder to woo buyers. That led to a drop in vehicle margins from almost 14% in 2022 to ...