Why NIO Stock Accelerated in June, according to the Motley Fool According to statistics given by S&P Global Market Intelligence, Chinese electric vehicle company NIO (NYSE: NIO) was on fire in June, rising 37.8% for the month. Because of its charismatic CEO, devoted following, and focus on high-end automobiles, NIO is sometimes referred to as “China’s Tesla,” and the business is increasingly proving that claim. Early this month, NIO stated that its manufacturing partner has started building on a second factory near the industrial city of Hefei, which, once completed, will increase NIO’s monthly production capacity to almost 20,000 vehicles./n
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