What's Up With Nio Stock Today?

Nio Inc - ADR NIO shares are trading higher by 6.4% at $33.22 Friday after the company grabbed the largest market share in China's all-electric SUV market in April.

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Nio operates in China's premium electric vehicle market. The company designs and jointly manufactures, and sells smart and connected premium electric vehicles, driving innovations in next-generation technologies in connectivity, autonomous driving, and artificial intelligence.