NIO Stock (NYSE: NIO) Holds Near $5 After Friday Bounce as CATL Supply Shift and China’s New EV Efficiency Cap Set the Tone for Monday
NIO shares closed Friday at $5.10, up 3.87%, with volume near 48 million, but remain well below the 52-week high of $8.02. Chinese media report NIO has ended battery supply cooperation with BYD’s FinDreams for the Onvo L60 SUV and is increasing reliance on CATL. Mirattery, tied to NIO’s battery services, raised nearly RMB 1 billion in new funding. U.S. markets reopen Monday.