NIO is trading 4.3% down at $5.84 following weakness in Hong Kong trading linked to demand concerns for its new Onvo L80 SUV.
- Deutsche Bank warned that initial sales momentum for the L80 may cool, projecting that monthly volumes could normalize well below early peaks as competition intensifies.
- The stock's decline is further exacerbated by a broader market pullback, which is putting pressure on growth and EV-related names.