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However, due to the negative investor sentiment fostered by the Chinese government’s crackdown on ride-hailing app provider Didi Global Inc., NIO’s stock has declined 38.5% in price year-to-date. Closing yesterday’s trading session at $30, the stock is currently trading 55.2% lower than its 52-week high of $66.99.
In addition, the company’s shares have declined 24.4% over the past month since the U.S. Securities and Exchange Commission increased its scrutiny of foreign stocks. So, as the company struggles to meet its production levels amid current supply chain constraints, investors remain concerned over its prospects.
