Why Nio Stock Is Trading Lower Today
Shares of Chinese electric-vehicle (EV) maker Nio (NYSE: NIO) were trading lower on Thursday, on rising COVID-19 concerns a day after it announced its best monthly sales result to date. As of 11 a.m. ET today, Nio’s American depositary shares were down about 2.4% from Wednesday’s closing price. Nio said yesterday that it delivered 10,878 vehicles in November, its best monthly total to date and more than double its year-ago result.