Why Nio Stock Is Surging Today
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. With this move, Nio will become the first such automaker to list on stock exchanges in the U.S., Hong Kong, and Singapore at the same time.
Source Fool.com
