NIO stock and other electric car stocks are ready to turn the corner higher after the Chinese government announced it was considering “extreme measures” to boost manufacturing output.
That’s major news for Chinese EV stocks like NIO. China is the heart of the EV economy. In fact, 60% of global EV battery manufacturing happens there. So, as goes China’s manufacturing output, so goes the EV industry. The faster companies can produce these vehicles, the faster they’ll achieve profitability. And their stocks will quickly rise.
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