cheezzy
04-16

$NIO Inc.(NIO)$ $NIO Inc.(NIO.SI)$

Since November, Nio has partnered with at least four Chinese automakers — Changan, Geely, Chery and JAC — for developing battery swap standards and expanding the network in China.

Nio has installed more than 2,300 battery swap stations but said less than a fifth currently are breaking even.

The company’s investment in battery swap stations is about two years ahead of market demand, CEO William Li said at an event last month here Nio announced a partnership with battery giant CATL.

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  • Sandyboy
    ·04-17
    Now i am not sure about $NIO Inc.(NIO)$ anymore. I am holding at a loss of more than 55% at an avg buy cost 9+. And i dont see a bottom yet. Also after some onitial averaging, i have stopped averaging downwards as the gradual drop has sucked my resources for this counter.
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  • TigerVision888
    ·04-16
    The market will ignore all good news until FED starts to reduce rates. All growth stocks are on the same downtrend. FED is the kingmaker of money flows. Other things are irrelevant.
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  • HenryHoward
    ·04-16
    Wah, this one really good leh!
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