Previous Close | 4.6700 |
Open | 4.6800 |
Bid | 4.4900 x 312300 |
Ask | 4.5200 x 38800 |
Day's Range | 4.4800 - 4.7400 |
52 Week Range | 4.4500 - 16.1800 |
Volume | |
Avg. Volume | 58,394,675 |
Market Cap | 9.405B |
Beta (5Y Monthly) | 1.94 |
PE Ratio (TTM) | N/A |
EPS (TTM) | -1.7300 |
Earnings Date | Jun 07, 2024 - Jun 11, 2024 |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | N/A |
1y Target Est | N/A |
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The once-booming EV market in China is experiencing a slowdown due to economic challenges and reduced government subsidies, prompting a shift in strategy among local and international automakers.
Nio's sales growth has slowed as early adopters have already gone electric in the Chinese market.
A guidance cut has the stock reeling -- but there might be a silver lining in the news.