NIO shares fell for the seventh consecutive session, closing at $4.49 as losses deepen amid broader market pressure.
NIO (NIO) shares declined 3.3% to $4.49 on Friday, marking the seventh straight session of losses. The stock has dropped about 7% over the prior six sessions, bringing its year-to-date decline to over 11%.
The decline contrasts with an 8% rise in broader market benchmarks this year. NIO’s underperformance reflects ongoing challenges in China’s electric vehicle sector, including demand concerns and competitive pressures.
No immediate market reaction was reported following the close.