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Benzinga

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Adam Eckert

Nio Stock Continues To Climb: What's Going On?

NIo.Onvo.L90

NIO Inc (NYSE:NIO) shares are trading higher Monday. The move appears to be driven by continued momentum following the company’s Onvo L90 pre-order launch last week.

What Happened: Nio on Thursday held its product and technology launch for the Onvo L90. The company announced that the large three-row SUV will start at RMB 279,900 ($39,040), or RMB 193,900 if the customer opts for the battery as a Service option.

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