Shares of Chinese electric vehicle maker Nio (NYSE: NIO) were trading lower on Wednesday morning after the company cut its guidance for first-quarter deliveries.
As of 10:30 a.m. ET, Nio's American depositary shares were down about 6.2% from Tuesday's closing price.
After a rough start to 2024, Nio cut its guidance for first-quarter deliveries on Wednesday. Image source: Nio.
Source Fool.com