China EV Sales Tumble: Is this Right Time to Enter ?
@Deonc：
Nio Stock: China EV Sales Tumble As Covid Lockdowns Hit ProductionNio stock reported a big decline in April EV deliveries on Sunday after Nio (NIO) briefly halted production during the month due to Covid lockdowns in China. Xpeng ($XPeng Inc.(XPEV)$) and Li Auto ($Li Auto(LI)$) also reported weak China EV sales on Sunday, after both signaled production and delivery concerns last month. Chinese EV giant BYD (BYDDF), seemingly less affected, will likely follow a couple days later. Chinese EV makers are emerging rivals to Tesla ($Tesla Motors(TSLA)$). China EV sales boomed in 2021 and stayed hot in the first quarter of 2022. That changed in April. Nio EV Sales Ni