It's Rough in China's Auto Market. When Will the Other Shoe Drop for Nio?
Key takeaways
- For them, the grass is truly greener on the other side, and exports are surging to support their businesses.
- While many competitors in China are feeling the pain, one domestic automaker is bucking the trend: Nio (NYSE: NIO).
- In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
NIO NVDA While most of the world is concerned about the rapid expansion of Chinese automakers that have the ability to severely undercut on price while still boasting advanced electric vehicles (EVs), Chinese companies have big issues at home. For them, the grass is truly greener on the other side, and exports are surging to support their businesses.
While many competitors in China are feeling the pain, one domestic automaker is bucking the trend: Nio (NYSE: NIO). Can that continue? Or is the other shoe about to drop, sending Nio s results more in line with domestic competitors?
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »