A Little Good News for Nio Investors
NIO(NIO) The Motley Fool·2024-09-27 21:00
After struggling to revive its economy, China has decided to cut rates and prepare a stimulus package -- good news for Nio.The future of the automotive industry is almost certainly electric vehicles (EVs), even if growth has been slower than once anticipated. An even more intriguing investment opportunity is found overseas with Chinese EV makers as they are heavily subsidized by the government, boast leading technology, and produce vehicles that are well-received.In July, for the first time, sales of electr ...