Shares of Chinese electrical vehicle manufacturer nio stock price today (NIO 0.44%) were rolling today on apparently no company-specific news. Instead, financiers might be responding to news from the other day that some parts of China were experiencing a surge in COVID-19 instances.

A lot more lockdowns in the nation might once again slow down the business's vehicle production as it has in the current past. Because of this, capitalists pushed the electrical car (EV) stock down 6.6% since 10:59 a.m. ET.

CNBC reported yesterday that the variety of cities in China that have executed COVID-related constraints has actually increased. One of the areas is a province called Anhui, where Nio has a manufacturing facility.

Nio reported its second-quarter lorry distributions late last week, with quarterly car shipments up 14% year over year and also June distribution enhancing 60%. Part of that growth was assisted in part because pandemic restrictions were alleviated throughout that duration.

China has a really stringent "zero-COVID" plan that limits motion by residents as well as has actually led to manufacturing facilities for Nio, and also various other EV makers, halting automobile manufacturing.

Nio financiers have gotten on a wild flight lately as they process rising cost of living information, rising fears of a worldwide recession, as well as climbing coronavirus cases in China. As well as with one of the most recent news that some parts of China are experiencing brand-new lockdowns, it's likely that the volatility Nio's stock has experienced lately isn't completed right now.

Nio investors need to maintain a close eye on any kind of brand-new advancements concerning any short-term manufacturing facility closures or if there's any indicator from the Chinese government that it's scaling back on limitations.

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