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Why NIO Stock Is Rising Today

TheMotleyFool

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Shares of Chinese electric-vehicle maker NIO (NYSE: NIO) were rising on Thursday, after a key competitor reported third-quarter earnings that were better than Wall Street had expected.

As of 12:15 p.m. EST on Thursday, NIO's American depositary shares were up about 10.9% from Wednesday's closing price.

NIO rival XPeng (NYSE: XPEV) reported its third-quarter earnings before the U.S. market opened on Thursday, and they were good.

Source Fool.com

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