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Nio shares rise premarket as CEO reaffirms Europe push

Nio’s U.S.-listed shares were up about 1% in premarket trading after CEO William Li reaffirmed the EV maker’s long-term commitment to Europe, despite delaying the Onvo mass-market launch by up to two years to 2028-2029.

NIO

-listed shares of Nio, Inc. (NIO) gained 1% in premarket trading on Wednesday after CEO William Li reiterated the EV maker’s long-term commitment to Europe, even as the company pushed back the regional launch of its mass-market Onvo brand by up to two years. -listed stock fell 2% on Tuesday.