The Speed Bump That Sent Nio Plunging 51% in 2024
NIO(NIO) The Motley Fool·2025-01-10 05:03
Nio (NIO -4.21%) has always been an intriguing stock. It's a large player in the Chinese electric vehicle (EV) market, but also positions itself as a lifestyle brand with leisure stores and its own line of smartphones, while also developing technologies such as solid-state batteries. The company also pioneers battery swapping stations as a method to avoid charging.Nio has always been a roller-coaster ride, and 2024 wasn't much different as the stock shed 51% of its value throughout the year, according to da ...