Nio Inc (NASDAQ:NIO) stock has been on a downward slide since a lukewarm intial publi offering (IPO) in September 2018.Source: THINK A / Shutterstock.com By the looks of … "This alliance with Hitachi comes at an ideal time for Workhorse as we value their best in class innovation and experience in ramping up production and enabling us in providing a complete solution to our customers," said Workhorse Chief Executive Duane Hughes. Nio’s negative gross margins and high cash burn rate are two of the most important issues for Nio stock.NIO sells cars for less than what it pays to manufacture them. These milestones were reached despite supply-chain headaches caused by flooding. 3 Top Stocks Under $20 The Chinese electric vehicle maker sold more shares for more money than the company planned in its initial public offering.Xpeng rang the opening bell at the New York Stock Exchange, after raising $1.5 billion in an initial public offering. The company's announcement, which came late Thursday, said that Nio would grant the underwriters of this offering a 30-day option to purchase up to 11.25 million additional American depositary shares. 1125 N. Charles St, Baltimore, MD 21201. Now, the company sets delivery records. After these two high-level executives in charge of the company’s financial operations resigned, I became more concerned about Nio stock.As the EV industry has grown in China, the sector has become more competitive. Announces Pricing of Offering of 88,500,000 American Depositary SharesNIO Inc. 1125 N. Charles St, Baltimore, MD 21201. While some of that is due to the trade war with the United States, the Chinese government has recently reduced subsidies that were providing a buying incentive for electronic vehicles.Nio also self-reported a battery recall for its ES8 vehicles. )+[a-z]{2,63}/i);}, failureMessage: "Value must not contain any URL's"});field11.add(Validate.Presence, {failureMessage:"This field is required"});field11.add(Validate.Length, {tooShortMessage:"Invalid length for field value", tooLongMessage: "Invalid length for field value", minimum: 4, maximum: 4});function handleFormSubmit(ele) { var submitButton = ele.querySelector('input[type=submit]'); var spinner = document.createElement('span'); spinner.setAttribute('class', 'loader'); submitButton.setAttribute('disabled', true); submitButton.style.cursor = 'wait'; submitButton.parentNode.appendChild(spinner); return true; }function resetSubmitButton(e){ var submitButtons = e.target.form.getElementsByClassName('submit-button'); for(var i=0;i