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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.

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Comment66

  • DancingOwl
    ·2021-09-21
    Tiger to the moon
    Reply
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  • Rdhillydally
    ·2021-09-21
    .
    Reply
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  • Tsukey2004
    ·2021-09-21
    Maybe NIO can pull off something to boost Investor’s’ confidence
    Reply
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  • SSVC
    ·2021-09-21
    Ok Appreciate your comments and response Thanks 
    Reply
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    • 88huat
      K
      2021-09-21
      Reply
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  • Footixx
    ·2021-09-21
    ?
    Reply
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  • Blading23
    ·2021-09-21
    Read
    Reply
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    • Blading23
      comment
      2021-09-21
      Reply
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  • Imgoh
    ·2021-09-21
    Hope this is temporary 
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  • Kirithanu
    ·2021-09-21
    NIO common you can do better. 
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  • Sphere
    ·2021-09-21
    Nio will definitely rise again soon 
    Reply
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    • 2021koon
      agree
      2021-09-21
      Reply
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    • Sphere
      ??
      2021-09-21
      Reply
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  • Linglong8191
    ·2021-09-21
    Like pls.
    Reply
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  • Mingfa
    ·2021-09-21
    Omg
    Reply
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  • andrew123
    ·2021-09-21
    Ripple effect fm evergrande just like lehman bros. 
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    • CPCat
      agree. Nio should be able to ride the wave, unless they run into liquidity problem, and banks refuse to fund them...?
      2021-09-21
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    • Mingfa
      omg
      2021-09-21
      Reply
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  • f123bb0
    ·2021-09-21
    K
    Reply
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    • f123bb0
      [微笑]
      2021-09-21
      Reply
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    • T2C
      Yes
      2021-09-21
      Reply
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  • Jeromelim
    ·2021-09-21
    still a good stick to watchout 
    Reply
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    • ELJAY
      Yup
      2021-09-21
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    • MengKeng
      totally agree
      2021-09-21
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    • NTN80
      Ok
      2021-09-21
      Reply
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  • 飙高音
    ·2021-09-21
    Hodl
    Reply
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    • Limth
      yup
      2021-09-21
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  • LEEKONGYONG
    ·2021-09-21
    Hold
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    • Kenny77
      Ok
      2021-09-21
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  • Seward
    ·2021-09-21
    Not great
    Reply
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  • Visionz
    ·2021-09-21
    Please like
    Reply
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  • Superpiggy
    ·2021-09-21
    No good
    Reply
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    View more 2 comments
  • Gackky
    ·2021-09-21
    almost all stocks are down. my portfolio getting redder and redder[捂臉] 
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    • Imgoh
      Same here
      2021-09-21
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    • Nickystonks
      time to buy the dip when the market is fearful
      2021-09-21
      Reply
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