NIO stock slips premarket as China orders record recall over screen blackout risk
Nio shares fell 1.4% to $4.97 in U.S. premarket trading after China’s market regulator ordered a recall of 246,229 vehicles over a software glitch that can briefly black out in-car screens. The recall affects ES8, ES6, and EC6 models built between March 2018 and January 2023. Nio will issue remote software updates or use service centers as needed. Investors await details on recall costs and the company’s next earnings release.