NIO - What's Going On With Chinese EV-Maker Nio's Stock? | Benzinga
Nio, Inc. (NYSE:NIO) shares are trading lower Friday after Ohio Senator Sherrod Brown called for a ban on imports of China-made EVs to the US.
The Details:
Senator Brown sent a letter to President Biden on Thursday, urging him to ban the sale of Chinese EVs in the United States.
"Chinese EVs, highly subsidized by the Chinese government, could decimate our domestic automakers, harm American workers – many of whom are represented by the United Autoworkers (UAW) – and give China access to sensitive personal data," Senator Brown wrote in the letter.
The Senator's call for a ban on ...