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Why Nio Shares Jumped Monday

·2 min read
Why Nio Shares Jumped Monday
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The electric vehicle sector is in focus for investors today, and that has the American depositary shares of Chinese EV maker Nio (NYSE: NIO) surging. As of 11:50 a.m. EDT, Nio shares were at session highs up almost 5%. Over the weekend, Chinese competitor XPeng made some announcements about its autonomous technology that got investors excited.