Why Nio Stock Shot Higher Today
NIO(NIO) The Motley Fool·2023-12-26 12:03Chinese electric vehicle (EV) maker Nio (NIO 8.97%) made a splash over the holiday weekend by introducing some new products. Investors are showing their approval today, with a boost in Nio's shares.The company's American depositary shares jumped as much as almost 10% Tuesday morning and remained higher by 9.3% as of 10:50 a.m. ET.Nio Day impressesAt its annual Nio Day event, the company introduced its new "executive flagship" ET9 sedan. The vehicle will mark the EV maker's first move into the ultra-luxury v ...