NIO ADR Stock News

The tariff-driven market volatility has been rough on shares of Chinese electric vehicle (EV) maker Nio Inc.

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Several factors converged this week to make Chinese vehicle manufacturer Nio (NIO 1.97%) a popular stock in the somewhat battered electric vehicle (EV) sector. Almost unarguably the major one was the announcement of a new vehicle, although Tesla's (TSLA 3.49%) latest stumbles also played a role.

Nio (NIO -1.93%), a major producer of electric vehicles (EVs) in China, has been a disappointing investment over the past few years. Its stock currently trades at about $5 compared to its initial public offering (IPO) price of $6.26 per American depositary share (ADS) in September 2018 and its record closing price of $62.84 in February 2021.

The tariff-driven market volatility has been rough on shares of Chinese electric vehicle (EV) maker Nio Inc.

Nio stock price staged a strong comeback, as we predicted a few months ago. It jumped to a high of $5.12, its highest point since March 19.