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NIO: Market optimism is an overreaction (NYSE: NIO)

Andy Fang Shares of electric vehicle makers surged last week despite Chinese electric vehicle company XPeng (XPEV) posting light fourth-quarter delivery guidance. Chinese EV start-ups have also released their monthly updates for shipments that have seen renewed growth, especially for NIO (NYSE: NIO) and Li Auto (LI). Although NIO’s delivery chart for November was good, …

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