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NIO - EV Company News For The Month Of August 2019
NIO Inc. American depositary shares each representing one Class A
Welcome to the August 2019 edition of Electric Vehiclecompany news. August saw July global electric car sales up just 3% YoY, pulled down by the post subsidy slump in China.
Put in context China's July slump of 7% is probably just a one off, and EV sales should start to recover in the seasonally stronger H2 2019. The one factor to consider is that China's conventional car sales have been contracting for 13 straight months which times in with the duration of the trade war. Eight of the 13 months have seen China conventional