Investors may be reacting to positive short-term news, but a longer-term development also provided them with a boost of confidence.
Chinese electric vehicle (EV) giant Nio Inc - ADR (NYSE:NIO) announced earlier that it would partner with tech name Tencent -- also based in China -- to create self-driving and high-definition mapping
U.S.-listed shares of Chinese internet names were gaining in Tuesday's premarket action amid indications that the Chinese government was getting a better hold on the COVID-19 situation in the country.
Chinese electric vehicle maker Nio and tech giant Tencent agreed to work together on autonomous driving and high-definition mapping.
Some investors are focusing on the fact that the EV stock is at the lowest level in more than two years.

Nio Is a Tried and True Performer

12:07pm, Monday, 28'th Nov 2022
Nio ( NIO , Financial) has faced a difficult economy recently, but the electric vehicle manufacturer is still going strong. Despite losses widening year-over-year, Nio delivered on revenue in its rece
COVID-19 cases in China are rising at an alarming rate.
Patience can pay off handsomely when you're invested in companies with clearly defined competitive advantages.
These once high-flying electric vehicle stocks corrected dramatically in 2022.
Chinese electric vehicle (EV) stocks are down on Tuesday and it all has to do with the country's Zero Covid policy. Investors are worried that China is preparing for further restrictions as part of it
Chinese electric-vehicle maker Nio Inc (NYSE: NIO) finished trading in the stock market on November 21 at $10.02 −$0.45 (4.30%) and is down a further -$1.88 (-15.83%) over the past five trading sess
Tesla Inc. TSLA, -5.24% shares and shares of other electric-vehicle makers underperformed the broader market in midday trading Monday, as worries about China's COVID lockdowns were back to the forefro
Deutsche Bank analyst Edison Yu is still positive on shares of the Chinese EV maker, even after a brutal stretch of losses.

Why Nio Shares Sank Monday

11:01am, Monday, 21'st Nov 2022
China reported its first COVID-19 deaths in six months this weekend.

Better Bear Market Buy: Nio vs. Rivian Stock

07:07am, Saturday, 19'th Nov 2022
2023 could be a big year for both Nio and Rivian, but one EV stock could rebound faster in the near term.
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