NIO Stock Alert: Europe Plans to Investigate Chinese EV Makers

Shares in Chinese electric vehicle (EV) maker Nio (NYSE:NIO) briefly fell overnight after the European Commission (EC) said that it would investigate China’s subsidies to the industry.Reuters reported that Geely (OTCMKTS:GELYF), BYD (OTCMKTS:BYDDF) and state-controlled SAIC could be subject to punitive tariffs. The EC is trying to protect European EV makers like Volkswagen (OTCMKTS:VWAGY). Geely already controls Sweden’s Polestar (NASDAQ:PSNY).Nio is not part of the investigation.NIO stock was trading at ab ...