Nio, BYD see EV deliveries drop sharply in February

Shares of Nio Inc. rose Friday, while those of fellow China-based electric vehicle maker Li Auto Inc. fell, after the companies both reported February deliveries that fell from last year and last month. Nio NIO, +5.89%said it delivered 8,132 EVs in February, down 19.1% from the 10,055 vehicles delivered in January, and 33.1% less than the 12,157 vehicles delivered in February 2023.The deliveries in February consisted of 4,765 sport-utility vehicles and 3,367 sedans. Nio’s stock rose 0.9% i