At What Price Will You Bottom Nio?

Nio's Q1 revenue dropped 7.2% year-over-year and 42.1% quarter-over-quarter. After the earnings report, Nio plummeted 6.8%. ---------------- Are you still firmly holding Nio? What is the target price after the earnings report? At what price should you buy the dip?

avatarShyon
2024-08-24

Chinese EV Stocks through Technical Analysis

The earnings outlook for Chinese electric vehicle makers remains dire even though electric cars now make up more than half of new auto sales in the mainland market, as brutal price competition rages on. Only two home-grown companies, BYD and Li Auto, are profitable, leaving around 30 rivals under pressure to stem losses despite upbeat sales forecasts in the world's largest automotive market.  NIO Chinese electric car company Nio said Tuesday it plans to install battery charging stations in every one of China's 2,844 counties by the end of June 2025. The company also announced plans to expand its battery swap stations to more than 2,300 of China's counties by the end of 2025. NIO daily chart Over 50% drop in NIO's share price since 2024. An obvious downtrend for this EV stock since 202
Chinese EV Stocks through Technical Analysis
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