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Benzinga
Benzinga
Business
Henry Khederian

Nio Stock Is Falling Thursday: What's Going On?

NIO Nio Inc electric vehicle
NIO Inc.

Shares of Chinese electric vehicle maker Nio Inc (NYSE:NIO) are trading lower Thursday morning, with investors appearing to take profits after a recent surge sent the stock to a 52-week high. Here’s what investors need to know.

What To Know: The recent rally in Nio shares was ignited by the company’s report of record-breaking vehicle deliveries for September and the third quarter, which demonstrated robust demand and successful portfolio expansion.

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