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Why Nio Stock Jumped More Than 10% Today
CHINA, JUL 11 – Nio's Onvo L90 SUV features AI-powered suspension and advanced comfort tech, with presales meeting targets across 141 Chinese cities, boosting shares by over 11% in two days.
- Shares of Nio gained 5.6% Friday after a 6% rise Thursday, driven by presale of its Firefly L90 SUV at 270,000–280,000 yuan.
- Presales of Nio's Firefly L90 SUV, priced at 270,000–280,000 yuan, reflect the brand's focus on affordable urban EVs, with launch details announced recently.
- Traders bought 303,442 call options on Nio, 90% above the average daily volume, indicating strong investor interest amid ongoing presale excitement.
- Despite recent stock gains, Nio faces about $3.3 billion annual losses with profitability not expected before 2028.
- Nio plans nationwide test drives for July 23 and deliveries on August 1, while collaborating with Here Technologies to support EU speed limit data integration for advanced driver assistance.
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Why Nio Stock Keeps Going Up @themotleyfool #stocks $NIO
Key PointsA Morgan Stanley analyst reiterated his buy recommendation on Nio stock Thursday.Nio has a new discount luxury EV coming out in August that compares favorably to its rivals on price and design.What Nio doesn't have is profits.10 stocks we like better than Nio › Shares of Chinese electric vehicle (EV) manufacturer Nio (NYSE: NIO) were on the rise for a second straight day on Friday, adding 5.6% through 1 p.m. ET on top of Thursday's 6% …
·Alexandria, United States
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Total News Sources11
Leaning Left2Leaning Right1Center2Last UpdatedBias Distribution40% Left, 40% Center
Bias Distribution
- 40% of the sources lean Left, 40% of the sources are Center
40% Center
L 40%
C 40%
R 20%
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