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Why Nio Shares Spiked Thursday

There are plenty of challenges in China’s electric vehicle (EV) sector right now, but Nio (NYSE: NIO) shares jumped over 8% early Thursday anyway. While they pared some of those gains, as of 12:37 p.m. ET, Nio’s American depositary shares remained 6.1% higher. Nio investors can thank the Chinese government for today’s boost.

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