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Why Nio Stock Crashed Early Monday

·2 min read
Why Nio Stock Crashed Early Monday

Shares of Nio (NYSE: NIO) crashed at the open Monday morning, as investors are fleeing many Chinese names, including this electric vehicle (EV) maker. The company's American depositary shares pared some of the initial 14% drop, but remained down by 2.6% as of 10:25 a.m. ET. Nio shares are getting hit from several different angles.