Stock Track | WeRide Plummets Nearly 13% as Nikola's Bankruptcy Weighs on EV Sector

Stock Track

02-19

WeRide Inc. (NASDAQ:WRD), a leading autonomous driving technology company, saw its stock price plummet by 12.87% in morning trading on Wednesday, as the broader electric vehicle (EV) sector faced selling pressure.

The sharp decline in WeRide's shares came amid news that electric truck maker Nikola Corporation had filed for Chapter 11 bankruptcy protection and plans to sell its assets. Nikola's bankruptcy filing raised concerns among investors about the future of the EV industry, leading to a broad sell-off in EV stocks.

While WeRide itself did not report any specific negative news, the company's stock was caught in the downdraft caused by Nikola's troubles. The selloff underscores the volatile nature of the EV sector, where sentiment can quickly shift based on developments at individual companies or broader industry trends.

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(NASDAQ:WRD), a leading autonomous driving technology company, saw its stock price plummet by 12.87% in morning trading on Wednesday, as the broader electric vehicle (EV) sector faced selling pressure.</p>\n\n<p>The sharp decline in WeRide's shares came amid news that electric truck maker Nikola Corporation had filed for Chapter 11 bankruptcy protection and plans to sell its assets. Nikola's bankruptcy filing raised concerns among investors about the future of the EV industry, leading to a broad sell-off in EV stocks.</p>\n\n<p>While WeRide itself did not report any specific negative news, the company's stock was caught in the downdraft caused by Nikola's troubles. 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