NIO Stock Falls 10% as Investors Reckon With European Tariff Threats
NIO(NIO) investorplace.com·2024-05-24 01:42
Nio (NYSE:NIO) is in the process of expanding its European footprint despite the threat of tariffs. In March, the European Commission announced that it would begin custom registrations of Chinese EVs, opening up the door for potential tariffs following the conclusion of its anti-subsidy investigation into EV batteries made in China. The investigation alleges that China is unfairly subsidizing batteries. NIO stock is down just shy of 10% today.Reuters noted that the investigation, which started in October of ...