Shares of Chinese companies, including Nio Inc – ADR (NYSE:NIO), are trading lower by 3.3% at $41.09 Friday afternoon amid continued regulatory concerns and COVID-19 Delta variant pressures.
Nio shares were also trading lower Thursday despite better-than-expected second-quarter results and year-over-year increase in deliveries.
See Also: Why This Nio Analyst Expects Net Loss to Widen In 2021-22
Nio operates in China’s premium electric vehicle market. Nio designs and jointly manufactures, and sells smart and connected premium electric vehicles, driving innovations in next-generation technologies in connectivity, autonomous driving and artificial intelligence.
Nio has a 52-week high of $66.99 and a 52-week low of $12.54.
