This post was originally published on this site
Chinese electric vehicle company, Nio Inc. (NYSE:NIO) closed trading on Wednesday up 0.59%, riding a market rally to $20.29. This latest win extends the company’s current streak to 6 straight days.
Nio will continue its European expansion as it prepares to open its first production facility in Europe this September. The 10,000 square meter facility located in Pest, Hungary will service markets like Germany and the Netherlands, producing batteries and providing after-sales service for battery swap stations.
Shares of NIO are currently up almost 4% in mid-day trading.
