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Why Nio Stock Is on Fire Today

TheMotleyFool

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Nio (NYSE: NIO) stock was trading up 14.4% as of 12:55 p.m. ET Wednesday. Multiple factors seemed to be sending the electric vehicle (EV) stock soaring.

At its annual investor day event late last year, Nio said it expected to start deliveries of its flagship electric sedan ET7 by March 28. The latest updates from China suggest Nio is on track with its plans.

Image source: Nio.

Source Fool.com

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