NIO Stock: GM Joint Venture Just Plugged Into the Nio Charging Network

Nio (NYSE:NIO) is expanding its electric vehicle (EV) charging network through an important new partnership. After months of struggling, the Chinese EV producer needs a growth driving catalyst — and it may have just found one. Now, NIO stock is rising on news of an agreement with SAIC General Motors Corporation (SAIC-GM), a joint venture of General Motors (NYSE:GM).As part of the new partnership, CnEVPost reports, “more than 10,000 Nio charging terminals join SAIC-GM’s Ultium energy replenishment network.” ...