Nio Investors Just Got a Little Good News

Nio (NYSE: NIO) has always been an intriguing stock for investors. The young electric vehicle (EV) maker managed to establish itself as a major player in China's huge EV market, and it has built out a substantial battery-swapping network and launched multiple brands in recent years.If investors are searching for a little good news amid a slowing Chinese economy, look no further than some news that had Nio stock trading roughly 5% higher on Tuesday.To say that China's EV market is challenging right now would be an understatement. Blossoming domestic brands have made incredible advances in technology and have undercut foreign brands significantly on cost. That has created a brutal price war as a list of young EV makers race to protect market share and stay competitive.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool