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Why Nio Stock Crashed Today

Why Nio Stock Crashed Today

Nio (NYSE: NIO) held a launch event today for the latest SUV addition to its EV lineup, but that wasn't what pushed the stock down by as much as 12% in early trading. As of 11:07 a.m. ET, Nio's American depositary shares were still lower by 11%. Nio reported April 2023 deliveries of just 6,658 units.