• Why NIO Stock Is Down Today

    Shares of Chinese electric-vehicle maker NIO (NYSE: NIO) were trading lower on Thursday, amid a broader sell-off of electric-vehicle stocks in China and the United States. 
    As of 11 a.m. EST, NIO’s American depositary shares were down about 5% from Wednesday’s closing price.
    NIO was just one of a long list of electric-vehicle makers whose stocks were in the red on Thursday morning. Shares of several others, including NIO’s domestic rival Xpeng (NYSE: XPEV), were also down 5% or more as of late morning. There was no obvious news triggering the sell-off. 
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