NIO - CBAK Energy soars on report of NIO planning models with lithium ion batteries

CBAK Energy Technology (CBAT) jumped 38% after cnEVpost reported that NIO (NIO) is planning to launch models with lower-cost lithium iron phosphate batteries.cnEVpost cited a WeChat account that follows the Chinese auto industryNIO reportedly contracted a production line of lithium iron batters from CATL, which is China's largest auto lithium-ion battery companyCBAT short interest 8.75%NIO gained 2.1%CBAT Energy listed as a stock with a high level of implied volatility based on options trading in Seeking Alpha's catalyst watch on Dec. 31

For further details see:

CBAK Energy soars on report of NIO planning models with lithium ion batteries