Nio Inc. shares fall 3.96% intraday after SunCar Technology Group Inc. announced a new phase of strategic cooperation with NIO Inc.

Nio Inc. declined 3.96% intraday, with the company entering a new phase of strategic cooperation with SunCar Technology Group Inc. This partnership aims to provide NIO car owners with more detailed and customized auto insurance services, leveraging SunCar's upgraded Anji Cloud Service Center. The collaboration is expected to enhance the overall ownership experience for NIO customers, particularly with the launch of advanced models like the ES8 and ONVO L90.