Shares of NIO Inc. (NIO) were down more than 3 percent in pre-market on Wednesday to $4.61, after the Chinese electric vehicle maker cut its vehicle delivery outlook for the first quarter.
The company now expects to deliver about 30,000 vehicles in the first quarter, down from the previous outlook of 31,000 to 33,000 vehicles.
The company's shares had closed at $4.78, down 2.65 percent on Tuesday. It has been trading in the range of $4.77 - 16.18 in the last 52 weeks.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.