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Benzinga
Benzinga
Business
Henry Khederian

Nio Stock Is Sliding Friday: What's Going On?

NIO Nio Inc China electric vehicle
NIO Inc.

Shares of Nio Inc – ADR (NYSE: NIO) are trading lower Friday morning as China reportedly announced it will tighten its management of electric vehicle exports. Here’s what investors need to know.

What To Know: According to a Bloomberg report, China plans to tighten its management of the world’s largest car market by requiring its automakers to secure permits for exporting electric vehicles.

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