| In the second quarter of 2021, GM said it delivered more than 750,000 vehicles in China, including more than 90,000 EVs through joint venture partnerships | This is likely an indicator that the global automotive semiconductor shortage is easing off, and also a sign that Nio is holding its own in the Chinese EV market, despite mounting competition |
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| NIO Stock: Triple-Digit Delivery Growth Nio had previously guided for lower productions volumes in the second quarter, owing primarily to the global semiconductor shortage | stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average |
Tim further explains that if NIO could cement themselves as the BaaS captain, then they could set the industry standards.
25| True, NIO stock did dip recently | The company was founded by Li Bin and Qin Li Hong in November 2014 and is headquartered in Jiading, China |
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| As recently as late June, headlines were suggesting that the supply crunch could actually However, long-awaited good news for the industry arrived last week | And that could set a major precedent for electric vehicles EVs worldwide |
Whereas most finance sites simply give you the facts about where a stock has been and what a company has done in the past, Trefis focuses entirely on the future.