NIO Inc (NYSE:NIO) shares are trading significantly lower Thursday alongside several Chinese companies amid renewed delisting concerns after the U.S. Securities and Exchange Commission widened its regulatory crackdown on U.S.-listed Chinese companies for not disclosing audit reports.
The SEC released a provisional list of 80 Chinese companies for pending non-compliance with audit requirements. The companies that have been identified have up to 15 business days to contact the commision and provide evidence to prove compliance.
