From InvestorPlace: 2024-04-26 12:13:58

Nio (NYSE:NIO) sees 8% rise in shares, along with other Chinese EV stocks like BYD (OTCMKTS:BYDDY) and XPeng (NYSE:XPEV) amid a surge in Chinese stock markets.
Hong Kong stocks experiencing record growth, driving cautious optimism about China’s economy and earnings growth in the second-biggest stock market. Global funds are rebalancing towards countries like China with promising growth.
Despite recent struggles, Nio remains resilient and may see significant gains with China’s new momentum. Recent partnership with SAIC General Motors Corporation (SAIC-GM) for charging network expansion hints at potential growth ahead. Investors hopeful for NIO stock to surpass $5 mark.



Read more at InvestorPlace: NIO Stock Heats Up as Investor Enthusiasm Returns to China