Nio (NYSE: NIO) stock has experienced significant volatility since its IPO, peaking at $67 per share in early 2021 before plummeting 94% from that high. Despite this decline, Nio continues to make progress in China’s competitive electric vehicle (EV) market, which is expected to grow by 16% annually by 2030. Investors may be questioning whether now is the right time to invest in Nio, prompting a closer look at the company’s growth and the competitive landscape.
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