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 react to this? 😀 Whoever bought the dip is probably lucky.
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 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 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.