Why NIO Shares Are Rising

Shares of several Chinese stocks, including NIO Inc. NIO are trading higher following the release of Chinese September trade data.

China’s exports in U.S. dollar terms surged 28.1% year-over-year in the month of September to $305.74 billion, beating the 21% growth figure expected by the Reuters poll.

NIO Inc. designs, develops, manufactures, and sells smart electric vehicles in China. The company offers five, six, and seven-seater electric SUVs, as well as smart electric sedans.

NIO's stock was trading about 2.1% higher at $36.25 per share on Wednesday at the time of publication. The stock has a 52-week high of $66.99 and a 52-week low of $23.73.