Nio (NIO) is currently trading at an attractive valuation compared to most other EV startups in the United States. The stock rose to fame in 2020 when it became one of the top performers on NYSE, with nearly 1,100% returns for its investors.  The stock has gone south and has lost more than 50% of its value over the past year. Instances like politicized delisting anxieties amongst investors, fears from rival XPeng, inflation,and other COVID-related bottlenecks have led to the stock’s decline.
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