Why Nio Shares Are Sinking Today

·2 min read
Why Nio Shares Are Sinking Today

U.S.-listed shares of Chinese electric vehicle maker Nio (NYSE: NIO) are sinking a day after the company reported its monthly vehicle delivery figure for July. As of 12:15 p.m. EDT, Nio's U.S.-listed shares were down by about 3% after having been down by almost 5% earlier in the session. Nio's Chinese competitors Li Auto (NASDAQ: LI) and XPeng (NYSE: XPEV) also reported their July data Monday, and their growth outpaced that of Nio.

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