Market News / Story
Key facts: NIO Falls to $3.36 52-Week Low; Record 183,664 Swaps
·
NIO (NIO) slid to about $3.36, a 52-week low, after September deliveries rose 7.7% YoY — slowest monthly pace in 2026. Q3 deliveries: 109,178 (+25.4% YoY). Traders note profit and cash focus. NIO (NIO) hit a record single-day battery swap volume in China: 183,664 swaps on Oct 5. Its swap-station network now totals 4,165 stations, 511 short of its 2026 target. NIO (NIO) trims its European footprint to cut costs and streamline operations as Xiaomi eyes a 2027 European EV…
Related stories
Gold holds near nine-week low as Hormuz tensions raise Fed hike betsRead story summary
Gold prices edged higher on Thursday after falling to their lowest level since early August, as renewed tensions around the Strait of Hormuz kept inflation risks elevated and reinforced expectations that the Federal Reserve could raise interest rates again this year. At 21:36 ET (01:36 GMT), XAU/USD rose 0.6% to $4,134.19 an ounce, while Gold Futures gained ...
VIEW SOURCE