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If you listen to the general narrative in the automotive industry, it's a dire one that warns of highly affordable and advanced Chinese electric vehicles (EVs) sweeping the globe in dominating fashion. There's certainly a lot of truth to that narrative, but many promising EV companies in China are busy battling themselves amid a brutal price war.
It's been a wild ride for investors in Rivian Automotive (RIVN 4.42%) and Nio (NIO -3.47%), filled with ups and downs. Both companies have previously had solid momentum behind them, and faced headwinds, setbacks, or disruptions.
West Valley branch celebrates with cash prizes, RSL tickets, and a fun day for all ages. Celebrating 90 Years of Service to the Community West Valley branch celebrates with cash prizes, RSL tickets, and a fun day for all ages. Celebrating 90 Years of Service to the Community
Tariff news has been dominating the discussion in many industries this week, but maybe none more so than in the global automotive sector. That will also likely be the case at the 2025 Shanghai Auto Show that kicked off this week.
The tariff-driven market volatility has not been kind to shares of Chinese EV maker Nio Inc.
Nio stock price has bounced back this month as investors buy the dip. It has risen for eight consecutive days and is hovering at its highest level since April 1.
NIO's long-term vision looks ambitious, with new brands and tech bets in play. Still, hitting 2025 targets is likely to be the key to winning investor trust.
NIO (NIO) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
NIO CEO William Li tells CNBC's Lin Lin that he's upbeat about improving the company's gross margin and breaking even in fourth quarter this year despite tariffs and cut-throat competition.
Many electric vehicle (EV) stocks soared to their all-time highs during the buying frenzy in meme stocks in 2021. But in 2022 and 2023, many of those stocks crumbled as rising interest rates curbed the growth of the EV market, compressed their lofty valuations, and drove investors toward more conservative investments.