NIO stock is rising in premarket trading after announcing the addition of 120 new battery swap stations, strong service usage, and its first Middle East showroom, despite a 36% drop in the past year.

NIO Inc. has emerged as a trailblazer in the global smart electric vehicle market, known for its innovation and visionary approach. Founded in November 2014 with a mission to create a sustainable future, NIO’s brand motto, “Blue Sky Coming,” reflects its commitment to environmental responsibility and technological excellence.

Jon Smith flags up a couple of key factors that he believes contributed to the fall in NIO stock over the course of the past month. The post Why NIO stock fell 13% in November appeared first on The Motley Fool UK.