- summary:
- NIO’s share price has strengthened its landmark, with its expansion plans threatened by the escalation of the mass tariff war.
The NIO price extended its negative side on Thursday, as it was traded at $ 3.75 at the time of writing this report after it decreased by 1.7 %. EV manufacturer faces the opposite wind as it breathes the wider global air market in the wake of the last round of American commercial tariffs. NIO declines due to poor profits that were disclosed last week.
American customs duties against Chinese imports reached 54 % after US President Donald Trump added 34 % to the previous tariffs of 20 %, paving the way for the escalation of the trade war. NIO (NYSE: NIO) began expanding outside its basic market in China and Europe in 2024, and the customs tariff system complicated this plan. The company had plans to enter the United States market in 2025, but Trump’s protectionist policies for the American auto industry would be postponed to postpone it.
NIO also faces long -term pressure to suit the BYD super charging technology that is sure to have made the NIO battery replacement stations out of need. Despite the weak profits and the battery shipment, NIO sales numbers are due to great promises in the growth path.
The company sold 42,094 cars in the first quarter of 2025, an increase of 40.1 % on an annual basis. However, 15,039 sold in March is 26.7 % a jump on an annual basis, and it was a significant decrease in the average monthly numbers reported between May and 2024.
NIO share price
NIO shares axis at $ 3.75 and momentum prefer sellers to stay in control. The arrow is likely to find the first support at $ 3.60, but the strongest strong momentum will lead to this level and test 3.50 dollars.
On the other hand, the price will go to the upward trend if the price exceeds $ 3.75. The price head is likely to witness the highest and face the first barrier at $ 3.85. The bullish narration will be invalid if the price exceeds this level. Moreover, the resulting momentum can test $ 3.95.
