NIO Stock: Nio Nabs New Insurance Partnership With Cheche Group

Chinese electric vehicle (EV) producer Nio (NYSE:NIO) is giving an unexpected boost to a penny stock today. Indeed, the automaker recently announced a partnership with auto insurance platform company Cheche Group (NASDAQ:CCG). This news hasn’t done much for NIO stock, but CCG stock is having an excellent day. After months of steadily trending downward, the microcap penny stock definitely needed a catalyst, too.Now, Cheche may be on the verge of a turnaround as it takes steps to collaborate with automakers i ...