NIO's stock rose Monday, along with the shares of fellow China-based EV makers Li Auto and XPeng, after April deliveries were reported
Shares of NIO Inc. rose Monday after the China-based electric vehicle maker reported a jump of more than 30% in deliveries in April.
Among its China-based rivals, the shares of Li Auto Inc. and XPeng Inc. also rallied after the companies reported April deliveries. NIO’s U.S.-listed stock NIO rose 0.5% in premarket trading. It has bounced 2.5% over the past two sessions, after closing at $7.68 on April 26 — marking the lowest close since June 2020.
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