LI - NIO shares have been hammered this year. Should you buy the dip?

Nio (NYSE:NIO) has seen its stock slide 53% since January, despite having five EV models on the market and a new Hong Kong listing to help stoke investment. Should investors buy the dip? Founded in 2014, NIO has focused on manufacturing premium EVs for the Chinese market. The company currently offers five EV models and plans to begin delivery of its new premium smart electric sedan, the ET7, this month. Based in China, the company held its initial public offering on the NYSE in 2018, raising around $1B. EV stocks have been hammered Shares of NIO have tumbled 53% since the beginning of January. This is part of a larger slide in broader EV space. Shares of industry player Rivian (RIVN) have plunged 64%, while Lucid (LCID) shares have tumbled 42%, Frisker (FSR) 33% and Tesla (TSLA) 24%. Other Chinese EV makers suffered severe selling as well. Li (LI) shares have

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NIO shares have been hammered this year. Should you buy the dip?