Chinese EV maker Nio cuts Q1 deliveries forecast

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© Reuters. File photo: A Nio's electric vehicle (EV) is parked near the Bell Tower in Beijing, China October 20, 2023. REUTERS/Tingshu Wang/File photo

The company expects to deliver around 30,000 vehicles in the first quarter, compared with its prior forecast of 31,000 to 33,000.

Its U.S.-listed shares fell around 3% in premarket trading.