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NIO Stock Hits The Brakes After 3-Day Rally: Xiaomi Reportedly In Talks Over Last German Hub Amid 90% Sales Crash
Stocktwits ·
Stocktwits reports: U.S.-listed shares of Nio, Inc. (NIO) snapped a three-day rally on Thursday as a report revealed that Xiaomi had held talks over its last remaining German sales and service hub, putting the EV maker’s struggling business in the country back in focus. Nio’s U.S.-listed shares fell 4% on Thursday, marking their worst session in more than a week. The stock is still up 1% for the week, on track for its strongest weekly performance since late August and poised to snap a…
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EU-China trade talks begin in Beijing amid escalating pressureRead story summary
European Trade Commissioner Maros Sefcovic has arrived in Beijing for talks on the European Union’s (EU) growing trade deficit with China. Sefcovic will meet Chinese Commerce Minister Wang Wentao on Thursday and Friday after months of discussions over the EU’s trade deficit of more than €1bn ($1.12bn) daily, as well as Chinese curbs on exports of rare ...
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