Why Nio Stock Raced Higher Today

From June 15 through Monday, shares of Nio (NYSE: NIO) ended each trading session lower than where they had finished the day before. As of the market close, shares of Nio were up 11.1%. Speaking at a meeting of the World Economic Forum on Tuesday, Premier Li Qiang projected that China’s economy will grow at a faster clip in Q2 than the 4.5% rate at which it grew in Q1, and further asserted that it’s on track to achieve annual growth of approximately 5%.

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