Much like the vast majority of its peers in 2024, the Chinese electric vehicle (EV) maker Nio (NYSE: NIO) has been experiencing significant pressure since the start of the year. The issues, primarily triggered by slower-than-expected demand, have ensured that Nio is, by press time, approximately 40% in the red in the year-to-date (YTD) chart.After a 7% decline on Wednesday appeared to have jeopardized the 30-day gains, NIO shares surged 5.78% on Thursday morning from their latest closing price of $5.02 to t ...