Prominent Chinese electric vehicle (EV) company, NIO Inc (NYSE: NIO) is among the high aspiring companies but unable to grow, given the heavy competition. Consumer preferences, competitive big industry players, pricing power and gross margins remain to be the burning issues for the company. All of this is reflected on the NIO stock price performance.
Given the awareness towards the EVs, the demand shot up and so did the players to cater at the similar pace, maybe even faster. The cut-throat competition in the EV sector due the presence of Tesla and BYD-like giants, NIO is left with its struggles. …
We współpracy z: https://www.thecoinrepublic.com/2023/07/18/nio-stock-price-45-up-since-june-before-losing-23-since-january/
