Why Nio Stock Hit the Accelerator Today
The share price of the Chinese electric vehicle (EV) maker Nio (NYSE: NIO) was soaring today after The Wall Street Journal reported that China might start easing its strict zero-COVID policies.
The restrictions have resulted in many companies, including Nio, having to temporarily close factories or stop production when a COVID-19 outbreak occurs.
The Journal also reported that U.S. inspectors are finishing up their audit of some U.S.-listed Chinese companies, and investors are hoping that the potential for some Chinese companies to be delisted from U.S. exchanges could soon be eliminated.
Source Fool.com
