NIO Stock Jumps as Yao Ming-Backed SUV Launches; Big Test Ahead
NIO Inc. shares were up 8.6% at $5.71 Wednesday afternoon in New York, after the Chinese EV company rolled out its new ES9 flagship SUV and brought on basketball player Yao Ming as the face of the launch. Volume topped 60 million shares, with the stock hitting an intraday high of $5.79.