Nio Stock Little Changed as Chinese EV Maker's Quarterly Results Fall Short of Estimates
NIO(NIO) Investopedia·2024-11-21 01:30
KEY TAKEAWAYSNio's U.S.-listed shares are little changed in mid-day trading, after the Chinese electric vehicle maker posted quarterly sales that lagged analysts’ forecasts and a wider-than-expected loss.The Chinese company has had to lower prices of its cars amid an intense price war with rivals.Nio said it expects deliveries to reach up to a record 75,000 in the current quarter, from 61,855 in the third quarter. Nio's (NIO) U.S.-listed shares are little changed in mid-day trading, after the Chinese electr ...