NIO shares slid more than 5% in morning trading. Chinese EV peers Xpeng and Li Auto were traded around 4% lower.
Nio stock is in full focus, as the company is set to announce second-quarter earnings on Wednesday, Sept. 7 before the market open. The Chinese automaker also announced its August deliveries on Thursday, which was 10,677 vehicles. Of the 10,677 vehicles, 7,551 of them were premium smart electric SUVs, while the remaining 3,126 were premium smart electric sedans.
Other EV stocks also fell in morning trading, Lordstown, Arrival, Fisker and arrival slid between 1% and 4%.
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