Nio Stock Was A Laggard In 2023. Will 2024 Be Better?
There are concerns about global EV demand, with most mainstream automakers, including Volkswagen, Mercedes, Ford, and GM indicating a softer-than-expected uptake. However, demand doesn’t appear to be an issue at the moment in China. Total sales of electric vehicles in China totaled 1.026 million units in November. Over the January to November period, total EV sales rose by 36.7% year-over-year to 8.3 million units. However, competition is mounting and this has resulted in considerable price wars