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Why Shares of Chinese Electric-Car Maker NIO Fell 47% in March

China’s upstart Tesla rival was hit by a double whammy last month. March was a rough month for investors in NIO (NYSE:NIO). Shares of the Chinese electric-vehicle start-up lost nearly half their value last month, falling from $9.57 at the end of February to $5.10 when trading closed on March 29. What happened? There were a couple […]

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