The tight sanctions imposed by China due to the epidemic started to relax. American investment bank Morgan Stanley stated that it could record big gains for Chinese Automotive Giant NIO, in the close term.
Investment Bank Morgan Stanley stated that the shutdowns in China as part of the prevention of the epidemic dealt a very hard blow to the automotive company Nio. But they also stated that they were ready for a rebound of the electric vehicle company that could come in the next 15 days.
Other market analysts are also very warm to this idea of Morgan Stanley. In other words, although NIO has dropped 47.7% since the start of 2022, analysts and investors are noting that stocks will start to rebound.