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Why Nio Shares Are More Than 15% Higher This Week

Why Nio Shares Are More Than 15% Higher This Week

Shares of Chinese electric vehicle (EV) maker Nio (NYSE: NIO) have bounced off multiyear lows this week in a big way. Nio is about to announce its first-quarter delivery data, and investors hope it surpasses its prior, seemingly conservative guidance. Nio likely is riding those tailwinds as well.