ON NioThere is a lot of competition in the EV space and adoption has not met the expectations EV companies expected. Most have pretty bad books and have to take measures to cut costs and try to build a solid foundation going forward by being creative, innovative, and opportunity-seeking.
The share price has tumbled in the past two years and this provides long-term investors with an opportunity to look into the stock and look for value if there is any (Fundamentally).
Looking at an oversold opportunity. China's economic health is something to consider.