This is why Citi expects EV maker Nio stock to continue moving higher

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U.S. Judge allows class action against Nio (NIO) to continue

August 9, 2023 1:47 PM EDT

United States federal judge, Nicholas Garaufis ruled late Tuesday to allow a class action lawsuit to proceed against Chinese electric vehicle maker, Nio Inc. (NYSE: NIO).

The lawsuit, brought by a class of investors who bought Nio American Depositary Shares (ADS) in the... More