Why Nio Stock Has Been Soaring This Week

Tariff news has been dominating the discussion in many industries this week, but maybe none more so than in the global automotive sector. That will also likely be the case at the 2025 Shanghai Auto Show that kicked off this week.Electric vehicle (EV) makers in particular are paying attention to what a trade conflict between the United States and China could mean for the world's largest automotive market. It is against that backdrop that shares of Chinese EV maker Nio (NYSE: NIO) are soaring this week. The stock has jumped by about 16% this week as of Thursday afternoon, according to data provided by S&P Global Market Intelligence. Shares have now gained 35% just since April 8.Global tariff news have helped support the stock. Trade between the U.S. and China has virtually halted for the time being, and that has given Chinese domestic automakers an advantage in their home market. American automakers like General Motors have been reporting strong growth for EV and hybrid sales in China. But rising tariff barriers are now affecting its joint ventures in the country, making it difficult to import some components.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool