In other news, China is currently the world's largest exporter of cars, overtaking Japan.
A 58% year-on-year increase in exports is pretty good, don't you think?
How will the stock of, say, $NIO-5.2% react to this? 😀 Whoever bought the dip is probably lucky.
One of the fastest growing investor communities in Europe
Comprehensive data and information on thousands of stocks from around the world
Current information from global markets and individual companies
Education and exchange of investment experience among investors
Fair prices, portfolio tracker, stock screener and other tools
All data provided on Bulios is provided for informational purposes only, and is not intended for trading or investing purposes. Find out more
© Bulios 2024
You mean the Nia dip that's been going on for two years? :-D
An increase of 58% is already very respectable. I don't own $NIO-5.2% stock, but I keep an eye on it.
So we can expect further growth because prices are all over the place
58% is a decent number, but I still prefer to stick to companies "closer" to us... Volkswagen. 🚀😁
$NIO-5.2% is down a lot today (-11%). I guess it didn't reach the shareholders...
Buying a stock from China is like investing in a loss-making company. It might work out one day, but you'll probably get burned.
The Nia slump is a reaction to its Chinese counterpart XPeng reporting its first quarter earnings. XPeng warned investors that it expects relatively flat sequential sales for the rest of the second quarter. That means the company is losing market share and Nio could be in a similar position.