Summary:
- The Swiss National Bank (SNB) reduced its stake in the Chinese electric vehicle (EV) company Nio by 67% in the third quarter of 2022.
- The SNB's holding in Nio decreased from 13.8 million shares at the end of Q2 2022 to 4.6 million shares at the end of Q3 2022.
- The reduction in the SNB's Nio stake suggests a shift in the bank's investment strategy, potentially due to concerns about the Chinese EV market or Nio's performance.