Chip Shortage, Evergrande’s Crisis ENO IKENNA

Share Price Facing Downside Pressure From ETENG·SHARES·39 MINS AGO··1 MIN READ The Nio share price is trading lower and appears set for a second day of losses. This comes on the back of continued market contagion from Evergrande’s liquidity crisis that led to a widespread selloff on Asian and US exchanges. Despite good market prospects, Nio share price continues to struggle under the weight of the global shortage of semi-conductor chips. This shortage drove down Chinese auto sales by 17.8% in August, marking a 4th consecutive monthly drop. This shortage has also impacted