Why Nio's Stock Is Trading Higher Today

Nio Inc - ADR NIO shares are trading higher on Tuesday after UBS upgraded the stock from Sell to Neutral and announced a $16.30 price target.

Nio Inc operates in China's premium electric vehicle market. The company designs, jointly manufactures and sells smart and connected premium electric vehicles, driving innovations in next-generation technologies in connectivity, autonomous driving and artificial intelligence. Its models include the EP9 supercar, ES8, ES6 and EC6.

Nio shares were up 10.86% at $16.60 at the time of publication. The stock has a 52-week high of $16.87 and a 52-week low of $1.19.16.87