Nio, a Chinese electric car company, had a great start, but things got tough lately! Its stock price went way up, then way down. Let's see what's happening.
- Nio makes electric cars with cool swappable batteries – like changing a phone battery!
- Sales were amazing in 2021, but slowed down after that due to problems like supply issues and competition.
- Nio is working hard to sell more cars and improve its profits. They're focusing on better, more expensive cars and expanding to new places.
| Year | Cars Sold | Growth |
|---|---|---|
| 2021 | 91,429 | 109% |
| 2022 | 122,486 | 34% |
| 2023 | 160,038 | 31% |
| 2024 (est.) | 221,970 | 39% |
Nio's stock price was very high, around $62, but is now around $5. The future is uncertain, but they are hoping for better sales and profits.
