NIO Shares Fall After China EV Demand Signal
NIO shares slid 3.2% to $5.04 after CEO William Li warned China’s auto retail sales could fall 15–20% in 2026, even as NIO’s deliveries and margins climb; investors now eye June delivery numbers to see if NIO can hit its Q2 target of 110,000–115,000 vehicles amid a shrinking market and rising competition.