Shares of several Chinese companies including NIO Inc. NIO are trading higher, rebounding from weakness caused by regulatory concerns regarding education and technology companies, and also concerns over the U.S.-China relationship.
Over the past 4 trading sessions, the stock has dropped approximately 18%.
Nio Inc. 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.
Nio's stock was trading about 4.7% higher at $41.21 per share on Wednesday. The stock has a 52-week high of $66.99 and a 52-week low of $11.73.
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