A confluence of factors, including supply constraints, production challenges, cost headwinds, regulatory pressure, and COVID-led restrictions, took a toll on the shares of the Chinese EV (Electric Vehicle) maker Nio (NYSE: NIO).  However, after several months of underperformance, Nio stock has begun to recover, jumping more than 37% in one month. Let’s look at the factors fueling the recovery in Nio stock.  Is the Worst Over? While the operating environment remains challenging, a series of positive developments led to this appreciation in Nio stock.  During the Q1 conference call, Nio announced that its supply chain and vehicle production have returned to normal starting from June.
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NIO (NYSE:NIO)
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From Aug 2022 to Sep 2022 Click Here for more NIO Charts.
NIO (NYSE:NIO)
Historical Stock Chart
From Sep 2021 to Sep 2022 Click Here for more NIO Charts.