NIO stock drops again as EU tariff rethink and China sales slowdown hit sentiment
Nio shares fell 1.6% to $4.61 in New York late Wednesday morning as the EU revived a “minimum price” tariff option for Chinese EVs. The China Association of Automobile Manufacturers forecast vehicle sales growth will slow to 1% in 2026. Nio said it will continue its European expansion despite new trade conditions. EU tariffs on Chinese EVs can reach up to 35.3%.