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Benzinga
Benzinga
Business
Melanie Schaffer

Nio Soars As ET5 Prototype Rolls Out: A Technical Look At The Stock

Nio, Inc (NYSE:NIO) was soaring over 17% higher intraday on Monday in unison with Tesla, Inc (NASDAQ:TSLA), which was shooting up about 10%.

The rally gained steam after Nio shared images of ET5 sedan prototypes rolling off its production line in Hefei, China.

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