Mar 27, 03:28 PM

Nio $NIO Cuts Q1 Delivery Forecast to 30,000 Vehicles, Stock Hits 52-Week Low

Chinese electric vehicle maker Nio, ticker symbol NIO, has reduced its vehicle delivery forecast for the first quarter of 2024 due to weak demand. The company now anticipates delivering approximately 30,000 vehicles, down from the initial projection of 31,000 to 33,000 units. As a result, Nio's stock price has dropped, reaching a 52-week low.

#Nio #NIO

Written with ChatGPT (GPT-3).

Sources

MarketWatch@MarketWatch
2 years ago
Chinese EV maker Nio’s U.S.-listed stock hits a 52-week low https://t.co/PzFzURCJnl
MarketWatch@MarketWatch
2 years ago
Nio’s stock touches 52-week low after Chinese EV maker cuts sales estimates https://t.co/wfrFomEFOj
TipRanks@TipRanks
2 years ago
Shares of Nio $NIO are falling after they trimmed their vehicle delivery outlook for the first quarter amid tepid demand. They now expect to deliver around 30,000 vehicles in Q1 2024, down from its previous forecast of 31,000 to 33,000 units. #stocks https://t.co/tmjp8Ap08j

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