NIO rises ignoring China mishaps ahead of earnings

Shares of Nio (NIO) are edging higher as investors ignore recent Chinese mishaps and continue to push the price higher. Nio gained 1.86 percent on Thursday, closing at $42.62, above the important $42.00 mark.

The Chinese Hang Seng tech index has recovered over the last few of days after a sell-off that wiped billions of dollars from China’s leading tech companies.

The pioneer and leading company in the premium smart electric vehicle market in China, today announced that it will report its second quarter 2021 unaudited financial results on Wednesday, August 11, 2021, after the close of the U.S. markets.

The Company’s management will host an earnings conference call at 9:00 PM U.S. Eastern Time on August 11, 2021.