XPEV - Chinese EV Startup Nio's Stock Jumps Premarket Amid Weak Stock Futures: What's Going On? | Benzinga
Shares of Nio, Inc. (NASDAQ:NIO) surged in premarket trading, defying weak signals from U.S. index futures for Wall Street’s opening.
The premium EV manufacturer confirmed on Thursday that its subsidiary brand “ONVO” will make its global debut on May 15, marking Nio’s venture into the low-end market segment. The inaugural ONVO model, codenamed L60, will be a family-centric smart battery electric vehicle priced at around 250,000 yuan (approximately $34,600), falling below the company’s average transaction ...