https://wccftech.com/dont-expect-a-sustained-rally-in-nio-shares-until-the-end-of-summer-2021/

NIO (NYSE:NIO) has achieved a number of major milestones over the past couple of weeks. And yet, its share price has barely budged in response to these stimuli.

As a refresher, NIO formalized a strategic partnership with Sinopec on the 15th of April. The arrangement would facilitate the deployment of NIO’s second-generation battery swap stations across Sinopec’s vast network of gasoline stations. Last week, the company initiated the construction of the first phase of NeoPark – a 16,950-acre industrial park that would bring tremendous synergy by localizing the electric vehicle supply chain. Moreover, NIO is finally entering the EU this week, having already scheduled a press conference in Oslo on the 06th of May. Meanwhile, the company’s stock price has largely remained indifferent to these developments.