There's Always ups and downs with stock irregardless which industry it's in. We just have tolook at the bigger picture and ask is this whatthe future is heading in terms of the automobile industry and if the answer is yes, then the current price is cheap to load in. Can be cautious and just load abit.
Now Is Not the Time to Park Any Money in NIO Stock
Nio (NIO), like other Chinese EV manufacturers, is struggling with battery-material sourcing and supply-chain woes in general.However, a deal with a lithium producer may help to alleviate these issues