Tomi Kilgore is MarketWatch's deputy investing and corporate news editor and is based in New York. You can follow him on Twitter @TomiKilgore.
Shares of Nio Inc. NIO, -3.08% took a 3.2% hit in afternoon trading Tuesday, to put it on track for the lowest close since June 29, 2020. The selloff comes the day before the China-based electric vehicle maker reports vehicle sales for the month of October. The stock has plunged 52.4% amid a three month losing streak, which is the longest such streak since the 6-month losing streak that ended April 2022. The stock was also headed for the worst three-month performance since it plummeted 58.
and from makers of semiconductors for the auto industry. Among Nio’s China-based rivals, which will also report October sales data on Wednesday, shares of XPeng Inc. have dropped 21.1% in October, but had gained 3.2% in September; and Li Auto Inc.’s stock LI, -3.70% has lost 5.2% this month and 21.0% amid a three-month losing streak,
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