Nio's stock jumps after new ET9 unveiled at Nio Day 2023 over the weekend

Shares of Nio Inc. NIO, +1.57% jumped 3.4% in premarket trading Tuesday, as investors appeared to cheer the China-based electric vehicle maker’s Nio Day 2023 held over the weekend. At Nio Day in Xi’an, China, the company unveiled on Saturday its new four-seater ET9 EV, with deliveries expected to start in the first quarter of 2024. The stock has rallied 15.8% month to date, putting it on track to snap a four-month losing streak in which it tumbled 52.5%. It has shed 13.6% year to date, while the iShares MS ...