After the double bottom a few months ago, nothing major has happened on NIO chart that I can see. With increasing competition, IDK how the company will fair if it can't increase deliveries.
"Over the course of the year, the penny stock has been in a free fall. In fact, it has lost as much as 80% in value so far. According to analysts, the economic slowdown in China and muted domestic demand for premium electric vehicles has hurt the company considerably. On the other hand, the weakening delivery figures are a major red flag. That’s considering the fact that the electric vehicle industry is totally dependent on raising the delivery volumes progressively."
From PennyStocks.com - Penny Stocks To Buy Or Sell: Nio Inc. (NIO)
"Over the course of the year, the penny stock has been in a free fall. In fact, it has lost as much as 80% in value so far. According to analysts, the economic slowdown in China and muted domestic demand for premium electric vehicles has hurt the company considerably. On the other hand, the weakening delivery figures are a major red flag. That’s considering the fact that the electric vehicle industry is totally dependent on raising the delivery volumes progressively."
From PennyStocks.com - Penny Stocks To Buy Or Sell: Nio Inc. (NIO)
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