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Why Nio stock tumbled today ?
Автор: Atlantic Trades
Загружено: 2022-04-18
Просмотров: 33
Описание:
Chinese business leaders voiced dire warnings over the weekend, and they are hitting shares of companies including electric vehicle (EV) maker Nio ( NIO -2.44% ) this morning. Nio's American depositary shares dropped almost 6% in early trading Monday, and remained down 3.4% as of 11:12 a.m. ET.
Executives from Nio competitor XPeng and Chinese technology company Huawei are warning that continued COVID-19 lockdowns in Shanghai could lead to severe supply chain issues that could effectively shut down automotive production.
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