Regardless of secular industry tailwinds, elevated demand, and favorable policies, 2021 hasn’t been a great year for the Chinese EV maker Nio (NIO).  It is worth noting that Nio ADR (American Depositary Receipt) has underperformed the Nasdaq composite index this year and is down over 13% on a year-to-date basis.  What’s Hurting Nio? A confluence of factors, including the ongoing supply-chain challenges, lower October vehicle deliveries (down 27% year-over-year), and restructuring of the manufacturing lines, took a toll on Nio stock. There is also the overall selling in Chinese stocks following the government’s increased regulations played spoilsport.  The investors’ sentiment on Nio stock remains negative.
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NIO (NYSE:NIO)
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NIO (NYSE:NIO)
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