Why Nio Stock Is On Fire Today
Shares of electric vehicle (EV) company Nio (NYSE: NIO) fired up on Tuesday and were up 3% as of 12:10 p.m. ET before popping nearly 6.6% right after market open. There's a lot happening behind the scenes at Nio not many are aware of: Nio's big day is coming up next week, it just inked a partnership that's not made it to the headlines yet, and there's a rumor floating about Nio's second listing. Let's start with the partnership: One of the world's leading car leasing companies, LeasePlan, revealed it had signed a partnership with Nio to offer its flagship SUV, ES8, in Norway.
