Motley Fool

Why Nio Stock Dropped on Monday

One EV maker taking a hit is growing Chinese EV company Nio (NYSE: NIO). As of 11 a.m. EDT today, Nio shares were down 5.3%, just off the lows of the morning. Nio released its September and third-quarter 2021 EV delivery data on Friday, and its quarterly deliveries exceeded the internal guidance that it had revised lower on Sept. 1 due to supply chain constraints.

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