The Chinese electric vehicle (EV) market is getting volatile as more automakers opt for price cuts. So far, this trend isn’t going well for Nio (NYSE:NIO, a company working hard to compete with its larger rivals. NIO stock recently hit a low for the year, dipping below $4 per share.Shares of Nio have been declining for months, but this recent poor performance is due to the price cut trend sweeping across China’s EV market. Tesla (NASDAQ:TSLA) recently slashed prices on some of its most popular models. And a ...