NIO Reaffirms European Expansion Despite New EU Tariff Framework - NIO (NYSE:NIO)

Nio Inc. (NYSE:NIO) shares slid on Wednesday as trading opened, with investors digesting fresh EU policy news.The Chinese electric vehicle maker vowed to keep pushing its business in Europe as the European Commission formalized conditions for China-made EVs' tariff alternatives.The company issued a statement Tuesday saying it is pleased with what it calls "steady progress toward consensus," Reuters reports. The EU pledged to apply non-discrimination principles under WTO rules when reviewing price undertakin ...