@Guavaxf30:Sharing this taken from a recent news article. It's not going to end well for some EV's. Maybe most of them even as they race to the bottom....... "A brutal price war is raging across China's auto sector, catalyzing a profound overhaul of the world's largest car market, as makers of new energy vehicles and conventional fossil fuel cars face off to win a greater share of a market rattled by slowing sales. The first shot was fired by U.S. electric vehicle (EV) maker Tesla Inc., which late last year rolled out massive subsidies and price cuts to spur sales. A flurry of domestic and foreign EV-makers followed suit, with BYD, XPeng, Nio and Volkswagen all racing to win customers by offering generous discounts."
@Keeley:$NIO Inc.(NIO)$ #NIO Price consolidated since my last analysis. Price previously left an equal lows at 8.03 behind and is now trapped between that and the clean highs at 9.70. Right now, it's unclear where price will move, but I'm expecting the equal lows to be taken with the intention of mitigating the bullish POI below. https://www.tradingview.com/chart/NIO/0kE2nvUC-NIO-Analysis/