As stock markets cautiously peeked back into "green" territory after Monday's astounding selloff, shares of one company in particular raced ahead of the pack: Chinese electric vehicle maker Nio Inc. (NIO). Less than a week after reporting its Q1 financial results (vehicle deliveries up 28.5% year-over-year, and revenues up 24.2% -- but losses up 295%!), Nio worked to change the story Tuesday, by announcing it will launch a new product on Wednesday, and meeting with analysts to give them some insight into what's coming up next. And indeed, the company held a Product Launch Event today, which unveiled the ES7, a new mid-to-large five-seater SUV based on NIO Technology 2.
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NIO (NYSE:NIO)
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NIO (NYSE:NIO)
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