NIO shares are trading lower Wednesday afternoon as traders keep risk appetite selective around China EV names.

Nio stock price has fallen towards a crucial support level and is at a risk of more downside despite strong deliveries and revenues.

NIO shares are trading marginally higher on Tuesday as risk appetite stays selective, with the S&P 500 down around 1%.

NIO shares are trading lower Wednesday afternoon as traders keep risk appetite selective around China EV names.