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.
Source Fool.com
