Why Nio Shares Are Falling

Benzinga2021-09-21

Shares of several Chinese companies, includingNio Inc - ADR

NIO+5.75%(Get Free Alerts for NIO), are trading lower as investors weigh the possible default of major China-based real estate company Evergrande Group.

Nio is trading lower by 7.7% over the past five sessions as stocks also pull back amid August strength.

Nio operates in China's premium electric vehicle market. The company designs and jointly manufactures, and sells smart and connected premium electric vehicles, driving innovations in next-generation technologies in connectivity, autonomous driving and artificial intelligence.

Nio is trading lower by 5.3% at $35.54. Nio has a 52-week high of $66.99 and a 52-week low of $16.75.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

DancingOwl
2021-09-21
DancingOwl
Tiger to the moon
Rdhillydally
2021-09-21
Rdhillydally
.
Tsukey2004
2021-09-21
Tsukey2004
Maybe NIO can pull off something to boost Investor’s’ confidence
SSVC
2021-09-21
SSVC
Ok Appreciate your comments and response Thanks
- 88huat:
  K
Footixx
2021-09-21
Footixx
?
Blading23
2021-09-21
Blading23
Read
- Blading23:
  comment

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