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home / articles / NIO - Why Is Nio Stock Spiking Premarket Today? | Benzinga

NIO - Why Is Nio Stock Spiking Premarket Today? | Benzinga

NIO Inc. American depositary shares each representing one Class A

Shares of Chinese electric vehicle startup Nio, Inc. (NYSE:NIO) weathered the weakness relayed by stock futures, on Friday and moved higher in premarket.

The positive sentiment came on the back of a Bloomberg report that said an internal letter signed by CEO William Li it had privy to, revealed plans to cut 10% of jobs in November, with “duplicate” and “inefficient” jobs likely to be impacted.

Project investment that ...

Full story available on Benzinga.com
Stock Information
Company Name: NIO Inc. American depositary shares each representing one Class A
Stock Symbol: NIO
Market: NYSE
Website: nio.com
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