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• Wondering if NIO at US$6.14 is a bargain or a value trap? This breakdown looks at what the current price really implies about the business.

• The stock has returned 1.8% over the last 7 days, 28.5% over 30 days, 19.5% year to date and 95.5% over 1 year, set against 3 year and 5 year returns of 35.5% and 84.0% declines.

• Recent news around NIO has focused on the company as a key player in the electric vehicle space, with attention on its position among other US listed EV makers and on how investors are reacting to sector wide sentiment. This context helps explain why the share price has been…