NIO stock rises in premarket after report flags deeper CATL battery reliance
NIO shares rose 1.6% to $5.18 premarket after reports said the company is relying more on CATL for batteries and has halted supply from BYD’s FinDreams for its Onvo L60. NIO marked the 40,000th delivery of its third-generation ES8, 11 days after reaching 30,000 deliveries. The stock closed at $5.10 on Friday, up 3.9%.