Why Nio Stock Surged Higher Today

Shares of Chinese electric vehicle (EV) maker (NYSE: NIO) shot higher by as much as 11.4% this morning. The move pushed Nio's American depositary shares to their highest level of the year.

After paring some of that early jump, Nio shares were still higher by 10.4% as of 11:30 a.m. ET.

Today, Nio let investors know that it will be reporting its critical fourth-quarter and full-year financial data before the opening bell on Friday, March 21. Investors already know the company's EV delivery data. Last year was a big year for the company capped off by record monthly EV deliveries of over 31,000 in December.

Source Fool.com