Could Nio stock really get delisted?
Apr 07, 2022 · While many names in the EV sector were also dropping in the market session, Nio shares were leading the declines. As of 12:20 p.m. ET, the stock was at session lows down 7.5%.
Why is Nio selling off?
54 minutes ago · Additionally, Nio now has had to suspend production due to a shortage of parts that come from other areas in China that are currently locked down to stem a growing spread of COVID-19. Now what The...
Why is Xpeng stock dropping?
Apr 05, 2022 · So what. Today's drop might reflect some profit taking after Nio shares have soared more than 60% from a recent low in mid-March. But reports that the company is in talks with other automakers to ...
Will Nio be delisted?
Aug 16, 2021 · What happened Shares of Chinese electric-vehicle maker Nio ( NIO 7.40% ) were trading lower on Monday, in the aftermath of a crash that killed a prominent Chinese entrepreneur. An initial report...
A crash that killed a prominent entrepreneur has drawn the Chinese government's attention
John Rosevear is the senior auto specialist for Fool.com. John has been writing about the auto business and investing for over 20 years, and for The Motley Fool since 2007. Follow @john__rosevear
What happened
Shares of Chinese electric-vehicle maker Nio ( NYSE:NIO) were trading lower on Monday, in the aftermath of a crash that killed a prominent Chinese entrepreneur. An initial report indicated that the victim's Nio had its hands-free driving system engaged at the time of the crash.
So what
Lin Wenquin, the 31-year-old founder of several successful Chinese restaurant chains, died after his Nio ES8 crashed in Fujian on Aug. 12. According to an obituary posted to his company's WeChat account on Saturday, Lin's Nio had been operating on "Navigation on Pilot" (NOP), a hands-free highway-driving system similar to Tesla 's Autopilot.
Now what
Car accidents happen, of course. But there are two specific issues here that are likely contributing to the move in the stock: