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Why Nio Stock Hit the Brakes Today

TheMotleyFool

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Shares of the Chinese electric vehicle (EV) maker Nio (NYSE: NIO) were falling today on several bits of news that are causing pessimism among investors.

An analyst cut his price target for Nio's stock today, just a few days after a new report said that China isn't rolling back its strict zero-COVID policy.

All of the news worried some investors, pushing the EV stock down 4.1% as of 10:57 a.m. ET.

Source Fool.com

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