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Shares of Nio Inc. NIO, -3.38% sank 4.1% in premarket trading Monday, after the China-based electric vehicle company reported October deliveries that fell 27.5% from a year ago, as restructuring, upgrading of manufacturing lines and preparation of new products acted as drag. The company delivered 3,667 vehicles in October, consisting of 218 ES8 six- or seven-seater SUVs and 2,528 ES6 five-seater SUVs.
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