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Why NIO Stock Is Trading Lower Today

Shares of Chinese electric-vehicle maker NIO (NYSE:NIO) were trading lower on Friday, after one of the companys co-founders was named CEO of Foxconns new electric-vehicle business.  As of 10:30 a.m. EST, NIOs American depositary shares were trading down about 5.2% from Thursdays closing price. So what Hon Hai Precision Industry (OTC:HNHPF), better known as Apple manufacturing partner Foxconn Technologies, made news earlier this week when it announced a new joint venture with Chinese automake...
United States Jack Cheng Ford Motor Company Hon Hai Precision Industry Foxconn Technologies Geely Auto
Source: fool.com

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