Nio slumped nearly 7% in morning trading after its disappointing guidance.
It reported a net loss of 2.14 billion yuan ($336.4 million) in the three months ended Dec. 31, according to a statement released after the U.S. market closed Thursday. Analysts estimated a shortfall of 1.51 billion yuan. Revenue increased 49% from a year earlier to 9.9 billion yuan.
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