Nio’s stock bounces after October EV sales jump 60%

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Shares of Nio Inc. rallied Wednesday, after the China-based electric vehicle maker reported October vehicle deliveries that rose nearly 60% from a year ago, but its rivals reported much stronger growth.

The stock NIO bounced 0.4% in premarket trading, after closing Tuesday at the lowest price since June 29, 2020.

The gain trailed that of its…

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