The Latest Breaking News from NIO

Electric vehicle stocks continued to head lower in the week ending June 17, with macroeconomic concerns weighing down on the industry. Stocks came under significant selling pressure ahead of the Fed decision but saw a relief rally on Wednesday post the decision. Further selling followed on Thursday, and stocks moved back…

The bear market sell-off worsened on fears that the Fed will trigger a recession to control inflation. Yields hit highs. Oil prices tumbled.

Tesla's Chinese rival Nio rolls out its new mid-large SUV electric vehicle ES7.

Market Movement  

Designed to slot in between the ES6 and ES8, the ES7 is Nio's new mid-range electric SUV with its eye on the global market.

Nio's new ES7 targets the Chinese market for luxury electric SUVs. BMW and Tesla are strong players in that market. Nio stock rose.

NIO Inc (NYSE: NIO) shares are trading higher Wednesday amid its virtual product launch event featuring the company's new ES7 SUV.

Nio, Inc. (NYSE: NIO) stock is retreating in Wednesday's session following a virtual product launch highlighted by the premiere of the ES7 SUV. 

Shares of major U.S.-listed Chinese companies traded higher in Hong Kong on Tuesday morning as investors cheered better-than-expected economic data from the Asian nation.