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Why NIO Stock Is Surging Today

TheMotleyFool

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Shares of Chinese electric-vehicle maker NIO (NYSE: NIO) resumed their upward charge on Monday morning. The stock declined more than 25% last week amid notes from Wall Street analysts urging investors to be cautious.

But investors appeared to have thrown those cautions to the wind on Monday morning. As of 11:15 a.m. EDT, NIO's American depositary shares were up about 10.6% from Friday's closing price.

NIO's next new model will be the ET7 sports sedan, due early next year. Image source: NIO.

Source Fool.com

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