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Goldman Sachs: Time to Buy NIO Stock After Its Selloff
Three months of unmitigated selling pressure on Chinese stocks have left their mark on Chinese electric-vehicle maker NIO (NIO). Since July 1, 2021, shares of Nio have lost over 30% of their value, notes Goldman Sachs analyst Fei Fang — but all bad things must come to an end. And in Fang’s opinion, it’s now time to buy some Nio stock. Why buy Nio now? In addition to the broad-based market selloff, after all, Nio suffers from some problems of its own making, in particular an August fatal car acc
