NIO Inc. (NIO) , the Chinese electric vehicle (EV) maker, hosted its highly anticipated Power Up 2024 event in Wuhan yesterday. The event showcased the company’s ambitious plans to expand its charging and battery swap infrastructure across China.Despite the positive news from the Power Up event, NIO’s stock suffered (declining more than 5% yesterday) due to broader market challenges in China. The central bank's decision to keep interest rates unchanged despite the need for additional stimulus has cast a sha ...