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Why Nio Stock Is Falling Today

TheMotleyFool

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Shares of Nio (NYSE: NIO), a leading Chinese electric vehicle (EV) company, were sliding this morning after the company reported slowing EV sales yesterday. Investors may also be reacting to news that another EV competitor is raising prices due to rising costs.

The EV automaker's stock fell by as much as 5.6% and was down by 3.6% as of 11:26 a.m. ET.

Nio said yesterday that its vehicle deliveries increased 10% in February, compared to the same time a year ago. Additionally, the company's deliveries in 2022 are up more than 23% year over year.

Source Fool.com

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