Rivian’s R2 launch pushes RIVN stock higher, Wall Street watching

NIO Inc.’s U.S.-listed shares were indicated higher before the New York open on Tuesday, extending a rally sparked by a jump in May vehicle deliveries and fresh hopes that new models are bringing buyers back. The stock closed Monday at $5.98, up 6.79%, and was quoted around $6.19 in pre-market trading, the thin early session before regular exchange trading begins.

NIO Inc. shares rose in New York on Monday. The Chinese electric vehicle maker reported much higher deliveries for May, driven by its expanded brand lineup and new models. The U.S.-listed ADRs traded up 6.6% to $5.97 late in the session, with intraday volume topping 35 million shares.

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.

Nio Inc’s U.S.-listed shares are looking shaky before Tuesday’s reopening after the long weekend. The ADR, which represents the company’s foreign shares in the U.S., last traded at $5.20. The stock slid 7.1% on Friday, while most of the U.S. market gained.