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Navdeep Yadav

EXPLAINED: Why nio is shooting higher in hong kong today | Rare Historical Photos

NIO Hong Kong NYSE Nio Inc

Shares of Chinese electric vehicle maker Nio Inc (NYSE:NIO)shot up on Thursday in Hong Kong after the company's latest product launch renewed investors' hope.

At press time, Nio's stock was up nearly 7%, outperforming peers Li Auto Inc (NASDAQ:LI) and Xpeng Inc (NYSE:XPEV) – which were trading on a muted note in an otherwise subdued broader market.

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