Lates News

The stock price of NIO has fluctuated since the company released a key SUV last weekend. The stock of this car manufacturer, listed in Hong Kong, increased before the product release but saw a sharp decline earlier this week, then regained some lost ground. Eugene Hsiao, head of China stock strategy at Macquarie Capital, suggested that the drop in stock price may be due to the market believing that NIO does not have any more short-term catalysts after the product release. He mentioned that product releases from other Chinese electric car manufacturers such as XPeng Motors and Li Auto have also caused similar stock price movements in the past.