Nio Inc. shares jumped after the Chinese electric-vehicle maker said it likely posted its first quarterly profit, a watershed moment for a company that has spent years burning through billions of dollars to challenge Tesla Inc. and local rivals.
Nio Inc. shares jumped after the Chinese electric-vehicle maker said it likely posted its first quarterly profit, a watershed moment for a company that has spent years burning through billions of dollars to challenge Tesla Inc. and local rivals.
Employees stand next to a ET7 sedan at a NIO Inc. dealership in Shanghai, China.