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Why Nio Shares Were Down Over 5% Friday

Why Nio Shares Were Down Over 5% Friday

Nio (NYSE: NIO) pleased investors with its forward projections when it reported third-quarter earnings a month ago. When Nio announced its quarterly results on Nov. 10, it told investors vehicle deliveries increased almost 30% year over year. Today, Li Auto (NASDAQ: LI) said it also expects to deliver up to 48,000 EVs in its fourth quarter.