Politics politics. 4 trllion us dollars worth of fund to delist. Its all for vites n ego at this point. The businessman will step in when it goes too crazy.
Li Auto shares fell more than 14% in Hong Kong and XPeng fell nearly 9%.
As of Dec 30 Nio price/sales ratio is 8.43 lowest among Li at 8.60 xpev at 19.42 & tesla at 26.29 ... just Google it...Nio is badly oversold compared to its competitor when with a better business plan our production capability ahead. And the skiing is continuing. What are the NIO investors thinking? Either they are beefing up their share % at lower price or they are do on Holidays not knowing their investments are going under. This counter is already 乌烟瘴气.A credible company besides delivering good business result n customer experience, also need to have good investors and partners in the market. Where are them when we needed them?