"Stock Market Brief" China's Nio plunges in pre-market trading, with adjusted net loss in the third quarter widening year-on-year and revenue falling short of expectations
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China's Nio stock in the U.S. plummeted 5.6% in pre-market trading on Wednesday due to a year-on-year widening of its adjusted net loss in the third quarter and revenue falling short of market expectations. Nio's Hong Kong stock fell 3.7%; XPeng and Li Auto's U.S. stocks rose 2% and fell 1.7% in pre-market trading, respectively. Nio expects a maximum delivery volume of 75,000 vehicles in the fourth quarter, with a year-on-year growth rate of up to 50%
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