NIO Stock Price Slides Even After First Profit as Xpeng Warning Hits China EVs
NIO’s U.S.-traded ADRs slid 7.8% to $5.43 on Friday, turning over around 52.8 million shares. The selloff came as Chinese EV stocks lost ground—Xpeng flagged weaker-than-expected Q1 revenue, pulling the sector down, and Li Auto finished lower too.
