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NIO Shares Fall on Brand Mix Concerns, Cautious Outlook

NIO slipped after August sales rose 14.5% YoY but fell from July. Onvo’s third monthly drop, a Q2 miss, and modest Q3 guidance weighed on shares.

NIO Shares Fall on Brand Mix Concerns, Cautious Outlook
"Nio launched its lower-cost brand Onvo on Wednesday, May 15, 2024, in Shanghai, China." Credit: CNBC/Evelyn Cheng
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