
NIO Inc (NYSE: NIO) is a Chinese electric vehicle (EV) manufacturer best known for its premium SUVs and sedans, and innovative battery-swap network. For many investors, though, the company remains a symbol of the stock market excesses and exuberance of 2020 and 2021.
Despite operating at deep losses and generating only a fraction of its current revenue at the time, NIO’s stock soared more than 2,500% in under two years during the height of the equities bubble.