Nio Share Price Signals Recovery, And Could Override China’s Stimulus Problem
- Summary:
- Nio share price has declined in recent days, but restricting the company’s outlook through China’s stimulus plan is a tunnel vision.
Nio share price traded upward in the pre-market session on Wednesday as investors weighed the EV maker’s sales outlook against China’s non-commital stimulus plan announced over the weekend. Nio stock price declined by 2.9 percent on Tuesday, but was up by 1.7 percent in the session before the bell on Wednesday, signalling a potential upturn.
Nio’s outlook goes beyond China’s stimulus
China’s government gave no clear indication of how it would support its highly subsidised EV industry of which Nio is a key beneficiary. This has injected skepticism over the company’s growth outlook in…
