Reported 6 days ago
Nio, a Chinese electric vehicle manufacturer, has seen its stock price drop significantly from its IPO price of $6.26, now trading under $5. Despite challenges in scaling production and market pressures, Nio has shown signs of recovery with a 35% increase in deliveries in 2024. Analysts predict revenue growth and narrowing losses in the coming years. Nio's current valuation appears attractive compared to its growth potential, suggesting it may be a good buying opportunity for contrarian investors.
Source: YAHOO