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derrickkk
2021-07-15

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Why NIO Stock Is Down Wednesday

Investors are still skittish after last week's actions against DiDi Global.Shares of Chinese electric-vehicle maker NIO were trading lower on Wednesday. Although investors' concerns about U.S.-listed Chinese stocks have lingered since the Chinese government took action againstDiDi Globaland other recently listed stocks last week, there was no immediately obvious trigger for Wednesday's decline.As of 2 p.m. EDT, NIO's New York-traded shares were down about 4.6% from Tuesday's closing price.Is tha

Why NIO Stock Is Down Wednesday

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Although investors' concerns about U.S.-listed Chinese stocks have lingered since the Chinese government took action againstDiDi Globaland other recently listed stocks last week, there was no immediately obvious trigger for Wednesday's decline.As of 2 p.m. EDT, NIO's New York-traded shares were down about 4.6% from Tuesday's closing price.Is tha","content":"<blockquote>\n Investors are still skittish after last week's actions against DiDi Global.\n</blockquote>\n<p><img src=\"https://static.tigerbbs.com/b315487554190ffd86889bd9c5a0b49a\" tg-width=\"663\" tg-height=\"440\"></p>\n<p><b>What happened</b></p>\n<p>Shares of Chinese electric-vehicle maker&nbsp;<b>NIO</b>(NYSE:NIO)&nbsp;were trading lower on Wednesday. Although investors' concerns about U.S.-listed Chinese stocks have lingered since the Chinese government took action against<b>DiDi Global</b>(NYSE:DIDI)and other recently listed stocks last week, there was no immediately obvious trigger for Wednesday's decline.</p>\n<p>As of 2 p.m. EDT, NIO's New York-traded shares were down about 4.6% from Tuesday's closing price.</p>\n<p><b>So what</b></p>\n<p>China's government said last week that it has launchedcybersecurity reviewson DiDi and other app-centered Chinese companies that have listed on U.S. stock exchanges this year, including<b>Kanzhun</b>&nbsp;and<b>Full Truck Alliance</b>. Regulators appear to be concerned that the audits and oversight required of U.S.-listed companies could somehow compromise the security of Chinese consumers' personal information.</p>\n<p>But it's not clear that those concerns should (or will) extend to NIO. While the company does provide an app for its customers, it's mostly a carmaker -- and its shares have beenlisted on the New York Stock Exchange since 2018.</p>\n<p>Is that why NIO's shares are down Wednesday? It seems likely: NIO itself had no news (positive, negative, or otherwise) to share on Wednesday, and only minor news (a new director was appointed) earlier in the week.</p>\n<p><b>Now what</b></p>\n<p>If there is a concern raised by the DiDi situation, it's that future Chinese government actions could limit NIO's ability to raise cash from U.S. investors. That wouldn't be ideal, but the company has other avenues to raise cash, including a (likely) future listing on Hong Kong's exchange.</p>\n<p>In the meantime, NIO has plenty of cash on hand, a strong order book, and two new models coming next year. For now at least, I don't think the action against DiDi is enough of a reason forauto investorsto sell NIO.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why NIO Stock Is Down Wednesday</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy NIO Stock Is Down Wednesday\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-15 08:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/07/14/why-nio-stock-is-down-today/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors are still skittish after last week's actions against DiDi Global.\n\n\nWhat happened\nShares of Chinese electric-vehicle maker NIO(NYSE:NIO) were trading lower on Wednesday. Although investors' ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/07/14/why-nio-stock-is-down-today/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来"},"source_url":"https://www.fool.com/investing/2021/07/14/why-nio-stock-is-down-today/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1150057304","content_text":"Investors are still skittish after last week's actions against DiDi Global.\n\n\nWhat happened\nShares of Chinese electric-vehicle maker NIO(NYSE:NIO) were trading lower on Wednesday. Although investors' concerns about U.S.-listed Chinese stocks have lingered since the Chinese government took action againstDiDi Global(NYSE:DIDI)and other recently listed stocks last week, there was no immediately obvious trigger for Wednesday's decline.\nAs of 2 p.m. EDT, NIO's New York-traded shares were down about 4.6% from Tuesday's closing price.\nSo what\nChina's government said last week that it has launchedcybersecurity reviewson DiDi and other app-centered Chinese companies that have listed on U.S. stock exchanges this year, includingKanzhun andFull Truck Alliance. Regulators appear to be concerned that the audits and oversight required of U.S.-listed companies could somehow compromise the security of Chinese consumers' personal information.\nBut it's not clear that those concerns should (or will) extend to NIO. While the company does provide an app for its customers, it's mostly a carmaker -- and its shares have beenlisted on the New York Stock Exchange since 2018.\nIs that why NIO's shares are down Wednesday? It seems likely: NIO itself had no news (positive, negative, or otherwise) to share on Wednesday, and only minor news (a new director was appointed) earlier in the week.\nNow what\nIf there is a concern raised by the DiDi situation, it's that future Chinese government actions could limit NIO's ability to raise cash from U.S. investors. That wouldn't be ideal, but the company has other avenues to raise cash, including a (likely) future listing on Hong Kong's exchange.\nIn the meantime, NIO has plenty of cash on hand, a strong order book, and two new models coming next year. For now at least, I don't think the action against DiDi is enough of a reason forauto investorsto sell NIO.","news_type":1},"isVote":1,"tweetType":1,"viewCount":233,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":3,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}