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Why NIO Stock Is Down

fool2021-03-25

What happened

Shares of Chinese electric-vehicle makerNIOwere trading lower on Wednesday, amid broad market turbulence affecting shares of manyelectric vehicle makersand other emerging technology companies.

So what

There was no major news driving NIO's shares lower -- or major news of any kind that was directly related to NIO or its stock. The company did share some minor news, but it seems positive: As of 3:16 a.m. local time, a NIO battery-swap station in Suzhou (just west of Shanghai) completed the company's 2 millionth battery swap.

NIO said that its network of over 200 battery-swap stations -- which automatically swap a NIO's battery pack for a fully charged one -- now complete a swap about once every 10 seconds, on average.

It's not huge news, and it's certainly not what's moving the stock today. But now you know.

Now what

That seconds-between-battery-swaps number could well fall over the next several months, as NIO begins deploying its new "second-generation" battery-swap stations. The new stations can store more battery packs and complete swaps more quickly than the current units, and theycost less to build, NIO said earlier this month.

NIO confirmed on Wednesday that it expects the first of those second-generation stations to be up and running in mid-April.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Comment54

  • HappyTrade
    ·2021-03-26
    Buy again
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  • 中概真菜
    ·2021-03-25
    Actually is because of the ridiculous US governance[微笑] [微笑] [微笑] 
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  • greynaldum
    ·2021-03-25
    Time to buy
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  • Tourmaline
    ·2021-03-25
    Buy buy
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  • lawgbk
    ·2021-03-25
    Sigh
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  • JJQ
    ·2021-03-25
    Good to hear!  NIO! ?
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  • Huradelia
    ·2021-03-25
    Time to buy more?
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  • lineasy2
    ·2021-03-25
    Could it be the new SEC ruling that affect the investors confidence? https://www.scmp.com/business/banking-finance/article/3126859/us-starts-implementing-law-risks-chinese-stock-delistings?utm_content=article&utm_medium=Social&utm_source=Facebook#Echobox=1616638991
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  • Jeremyyeojc
    ·2021-03-25
    Buyyyy
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  • hzhengkai
    ·2021-03-25
    Long term hold 
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  • 4ebeaef4
    ·2021-03-25
    Buy the dip
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  • Gerardngo
    ·2021-03-25
    Buy the dip
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  • 進澕
    ·2021-03-25
    Buy buy buy more
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  • BlessedCyrus
    ·2021-03-25
    Love to average lower even though giving me heart attack soon when keep lowering. 
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  • Fionfion82
    ·2021-03-25
    Buy more buy more this is good company don’t miss
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  • Chinleong
    ·2021-03-25
    Good time to buy when price dips further
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  • missychatty
    ·2021-03-25
    Time to load moreeee
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  • Chinleong
    ·2021-03-25
    Good toke to buy when price dip further 
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  • AdrianJon
    ·2021-03-25
    Buy the dip! 
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  • Iky
    ·2021-03-25
    Why
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