Steer Clear of Nio Stock as It Battles EU Tariffs and Stiff Competition
NIO(NIO) Investor Place·2024-07-18 18:25
One of the most well-known Chinese EV makers in the market, Nio (NYSE:NIO) stock is a name I’ve been bullish on in the past. Indeed, we’re all aware that the EV market is going to grow, and China has led the way. One might think that this pure-play BEV maker based out of China should benefit from strong demographic growth trends.However, Nio has faced some hurdles over the past year because of the company’s exposure to the high end of the market. In Q2 2024, NIO reported 57,373 vehicles delivered, with a cu ...