Nio Inc. Extends Win Streak to 6 Days; Continues to Climb

2022.08.04 21:22

Nio Inc. (NIO) Extends Win Streak to 6 Days; Continues to Climb

By Michael Elkins

Chinese electric vehicle company, Nio Inc. (NYSE:NIO) closed trading on Wednesday up 0.59%, riding a market rally to $20.29. This latest win extends the company’s current streak to 6 straight days.

Nio will continue its European expansion as it prepares to open its first production facility in Europe this September. The 10,000 square meter facility located in Pest, Hungary will service markets like Germany and the Netherlands, producing batteries and providing after-sales service for battery swap stations.

Shares of NIO are currently up almost 4% in mid-day trading.

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