NIO shares are trading marginally lower Friday as policy support hopes meet cautious sentiment on riskier names.

Nio Inc (NYSE:NIO) shares are advancing Wednesday. Chinese authorities signaled a major acceleration in policy support for the country's smart connected electric vehicle industry.

NIO shares are trading marginally lower Friday as policy support hopes meet cautious sentiment on riskier names.

NIO deliveries surged 71% in July to 35,934 vehicles across its three brands. Here is the breakdown, stock levels, and earnings outlook.