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Why NIO Stock Is Up Today

TheMotleyFool

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Why NIO Stock Is Up TodayPhoto, wide shot, wide-angle lens, soft focus, Auto parts supplier, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Sebastião Salgado: https://oaidalleapiprodscus.blob.core.windows.net/private/org-IbuNdCATsFaPOITjFOv2kJh3/user-AXaxqjBUW45D8BadJEo9mUpW/img-XjwbnkgTrFCFx6Y3gLbqZBCj.png?st=2023-05-13T09%3A21%3A52Z&se=2023-05-13T11%3A21%3A52Z&sp=r&sv=2021-08-06&sr=b&rscd=inline&rsct=image/png&skoid=6aaadede-4fb3-4698-a8f6-684d7786b067&sktid=a48cca56-e6da-484e-a814-9c849652bcb3&skt=2023-05-13T06%3A55%3A39Z&ske=2023-05-14T06%3A55%3A39Z&sks=b&skv=2021-08-06&sig=wJlbn/o%2BieTjclaQNRsJc%2BDDZieC0UCS6BPi5tapxAA%3D

Shares of Chinese electric-vehicle maker NIO (NYSE: NIO) were moving higher on Friday, a day ahead of a new-model reveal at the company's annual event for owners and fans. As of 12:15 p.m. EST, NIO's American depositary shares were up about 8.1% from Thursday's closing price.

NIO's annual "NIO Day" event is a party for owners and fans at which the company typically shows off new products and upcoming new technologies. NIO has told us (some of) what to expect at tomorrow's edition, to be held in Chengdu:

NIO is expected to reveal a new electric sedan at tomorrow's event. Image source: NIO.

Source Fool.com

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