Why Nio Shares Jumped Monday

Why Nio Shares Jumped Monday
·2 min read

The electric vehicle sector is in focus for investors today, and that has the American depositary shares of Chinese EV maker Nio (NYSE: NIO) surging. As of 11:50 a.m. EDT, Nio shares were at session highs up almost 5%. Over the weekend, Chinese competitor XPeng made some announcements about its autonomous technology that got investors excited.

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