2024-04-28 11:26:01 ET
Summary
- NIO Inc. missed its initial Q1 delivery guidance, raising significant concerns about its ability to ramp up production this year.
- Competition in China's EV market is expected to intensify in 2024.
- Xiaomi's entry into the EV market has worsened competitive headwinds for NIO.
- NIO's inability to execute consistently has likely lowered investor confidence markedly.
- The pain might not be over, with the market potentially dismantling NIO's broken growth story further.
In my February 2024 NIO article , I reminded NIO Inc. ( NIO ) investors holding on to their NIO shares that they were prolonging their pain in the battered pure-play Chinese premium EV maker. I urged investors to avoid catching NIO's falling knife, as the lack of a hybrid strategy could lead to a moment of reckoning for unprofitable NIO....
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For further details see:
NIO: Broken Growth Story Likely Getting Worse