NIO Stock: Nio Gets Go-Ahead for Third EV Factory in China. What to Know.

Even as it struggles against negative market momentum, Nio (NYSE:NIO) is working hard to expand its operations. The Chinese electric vehicle (EV) producer has received the green light from the Chinese government to construct another factory. This site would be Nio’s third EV production facility in China and significantly boost the company’s production capacity.This news comes as NIO stock continues to trend downward amid high volatility and a questionable economic landscape. Most companies would be rising o ...