Why Nio Stock Popped Today
Shares of the Chinese electric vehicle maker Nio (NYSE: NIO) were rising this morning as investors reacted to comments made by Chinese President Xi Jinping about his country's focus on new technologies.
Nio investors may also have been optimistic as the broader market rose today as investors reversed some of the pessimism. The electric vehicle stock was up by 5.8% as of 12:59 p.m. ET.
In a speech given on Sunday laying out China's plans for the next five years, Xi highlighted the country's need to focus on developing its own core technologies.
Source Fool.com
