Nio Falls as European BEV Registrations Plunge 42% Month Over Month

Nio (NYSE:NIO) stock is in the red after European Union (EU) battery electric vehicle (BEV) insurance registrations for the month of January were released. Registrations of BEVs tallied in at 92,741, down by 42.3% month-over-month (MOM) but up by 29% year-over-year (YOY). Meanwhile, total EU new car sales were up by 12.1% YOY.Germany and France were behind the MOM BEV registration decline, as they hold the two largest BEV markets in the EU. Germany’s BEV sales fell by 59% MOM while France’s sales fell by 46 ...