NIO Looks to June and ES9 Launch, But EV Slowdown Weighs
NIO Inc’s American depositary shares in the U.S. started June with stronger footing. Last week was uneven as the launch of a new SUV arrived alongside a stark warning from the CEO on China’s auto conditions. The stock finished Friday at $5.60, up 0.9% for the day and up 7.7% since closing at $5.20 on May 22. Most of the jump happened Wednesday, when the ADS surged 9.3% on strong volume, then slipped back Thursday.