Short NIO - $9 billion of market cap to be lost
Posted: Mar 31, 2024
- China is in a recession impacting domestic demand - NIO may face expenses with battery swaps - Tariffs may block Chinese EVs, including NIO, from major markets - NIO is on the luxury side and may struggle to compete with BYD in global markets - Chinese demographics are declining, leading to a smaller domestic market for EVs
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