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Why Nio Stock Is Surging Today

·2 min read
Why Nio Stock Is Surging Today
In this article:
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Nio (NYSE: NIO) stock opened steady this morning and looks set to end the week on a solid note -- shares of the electric vehicle (EV) manufacturer were trading 5% higher Thursday and are up almost 26% so far this week, as of 11:30 a.m. ET today. Nio is about to list its shares on a third stock exchange, and this move comes just days ahead of its expected quarterly earnings release. After listing in Hong Kong in March, the company is all set to debut in Singapore tomorrow, according to an update from CnEVPost, a China-based website focused on new energy vehicles.