NIO - Nio Stock Is Sliding: What's Going On? | Benzinga
NIO Inc (NYSE: NIO) shares are trading lower Wednesday. The stock appears to have faced selling pressure in recent weeks due to strong sales numbers from China-based EV competitors. BYD Co Ltd (Pink: BYDDF) on Wednesday said it expects net income to surge this quarter on record sales.
What To Know: Last week, the China Passenger Car Association released new data showing that Warren Buffett-backed BYD is dominating China's EV market.
According to Fortune, BYD delivered 286,903 vehicles in September, ...