Core Viewpoint - Nio Inc. shares experienced a significant decline in Hong Kong trading due to a weaker-than-expected outlook for the fourth quarter, raising investor concerns about the company's ability to achieve its break-even goal amidst increasing competition in the domestic electric vehicle (EV) market [1] Company Summary - The Hong Kong-listed stock of Nio Inc. fell by 7% following the announcement of its fourth-quarter outlook [1] Industry Summary - The domestic EV industry is facing intensifying competition, which is contributing to investor anxiety regarding Nio's financial performance and future prospects [1]

By some counts, there are over 100 electric vehicle (EV) companies in China. People who watch the industry closely believe that only a very small number will survive. ...