Why Nio And ChargePoint Are Trading Higher Today

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Shares of several electric vehicle companies such as NIO Inc. NIO and ChargePoint Holdings, Inc. CHPT and are trading higher amid strength in the sector ahead of Tesla, Inc. TSLA earnings.

ChargePoint Holdings operates electric vehicle charging networks. The stock was trading approximately 7% higher on Monday. The company has a 52-week high of $49.48 and a 52-week low of $9.73.

NIO operates in China's premium electric vehicle market. The stock was trading approximately 4% higher. The company has a 52-week high of $66.99 and a 52-week low of $2.95.

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