Nio cuts prices to try to arrest negative sentiment

Chinese premium NEV maker reverses one downgrade, but analyst doubts remain

Nio cuts prices to try to arrest negative sentiment
Nio shares rebounded on Monday

China’s Nio has seen a rebound in its share price after it announced price cuts, following a slump that had dragged shares to their lowest in three years at the end of May. The firm’s New York-listed price jumped by almost 9pc on Monday to $8.40/share (see Fig.1).

Fig.1: Rebound in Nio shares on Monday 

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