Earlier this month, I publicly released a note on the Chinese electric vehicle company NIO (NIO), which is effectively out of funding. Today, the company is up strongly (13.3%) in the pre-market on unofficial rumors on the popular Sina that another automotive company is going to provide funding. The original article is Chinese, but I'd caution that 1) there is no official corroboration of this from the companies involved 2) the article is speculation but not definitive news 3) the news doesn't seem to make a lot of sense.
A strong spike-up today could open