The growing market share of EVs (electric vehicles), favorable policies, and elevated demand have driven EV stocks higher. However, that’s not the case with Nio (NIO).   Shares of this Chinese EV maker have lagged its peers and underperformed the Nasdaq composite index. To be precise, Nio stock is down about 32% on a year-to-date basis. Further, it has fallen by 18% over the past three months.  During the same period, Tesla (TSLA) and Lucid (LCID) have increased by 43.4% and 124.3%, respectively.  What Dragged Nio Down? Industry-wide supply-chain challenges and the restructuring of its manufacturing lines for new product launches dragged Nio stock down.
https://www.tipranks.com/news/article/nio-stock-underperforms-peers-whats-next?utm_source=advfn.com&utm_medium=referral
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