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Nio (NIO) is an electric vehicle (EV) company. It produces and markets electronic vehicles, powertrains, and batteries. It also offers services to its customers such as lifetime free warranty, lifetime free roadside assistance, and lifetime free car connectivity. The company also has charging hubs and provides autonomous driving technology.
Nio shares are down 9% in the year to date and are down nearly 25% over the past 52 weeks. However, shares have recovered slightly and are up 30% from their year-to-date low.
