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$NIO Inc (NIO.US)$ Nio investors can thank the Chinese government for today's boost. Nio and other EV manufacturers continue to face new challenges even as they work to recover from lost production and a drop in demand related to zero-COVID policy lockdowns in several cities.
Most recently, a major drought has caused hydroelectric power supply to drop, resulting in power cuts mandated by authorities. But the government also just announced a stimulus package to try and reinforce g...