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Benzinga
Benzinga
Business
Melanie Schaffer

Why Nio Stock Could Soar 50% Higher If This Trend Continues

NIO NYSE

Nio, Inc (NYSE:NIO) was trading over 5% higher on Monday, driven in part by overall market momentum as the S&P 500 Index was up by about 1%.

The Shanghai-based electric vehicle maker also announced its operations have returned to pre-COVID-19 levels after continued lockdowns in China forced Nio to halt production earlier this year.

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