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Benzinga
Benzinga
Business
Anusuya Lahiri

Is NIO A Buy? EV Maker Gains Edge With New Models, Expanding Tech Infrastructure

Nio

NIO (NYSE:NIO) stock is trading upwards on Monday in stark contrast to its peers Li Auto  (NASDAQ:LI), XPeng (NYSE:XPEV).

Chinese President Xi Jinping cautioned local government leaders against excessive spending on artificial intelligence (AI), electric vehicles (EVs), and other emerging sectors, according to a Financial Times report.

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