Why Shares of NIO Are Down Sharply Today
Shares of Chinese electric-vehicle maker NIO (NYSE: NIO) were down on Wednesday afternoon after the company said that its top finance executive had resigned.
As of 2 p.m. EST, NIO's American depositary shares were down about 12% from Tuesday's closing price.
In a regulatory filing early on Wednesday, NIO said that its vice president of finance, four-year company veteran Dongning Wang, had resigned. His successor will be Yu Qu, who has held "several senior management roles" at NIO since Oct. 16, the company said.
Source Fool.com
