NIO Stock Is Cratering Because Manchins Move Means More Than a New Model – Barrons

The U.S.-listed Chinese electric-vehicle maker NIO‘s Saturday launch of a new EV model impressed Wall Street, but you wouldn’t know it from the stock price. Investors have another issue on their minds.

NIO (ticker: NIO) is offering a mid-size luxury sedan called the ET5 that starts as low as $40,000 if buyers take the so-called battery-subscription option. That lets car buyers essentially take $10,000 off the purchase price, in exchange for a monthly fee. It’s a little like paying for gasoline in a traditional car.


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