Shares of Chinese electric-vehicle maker NIO (NYSE: NIO) were trading higher on Tuesday, after a Wall Street analyst said that a recent job listing suggests that NIO is planning to enter the U.S. market at some point.
As of 1:45 p.m. EST, NIO's American depositary shares were up about 4.8% from Monday's closing price.
In a note released late on Monday, Deutsche Bank analyst Edison Yu wrote that a recent NIO job posting on LinkedIn suggests that its "global ambitions are growing." The posting, which has since closed, was seeking to hire someone to "formulate an action plan to enter the U.S. market," among other duties.
Source Fool.com