NIO Shares Rise 16% On News Of Tencent Collaboration

Shares of automobile company NIO Inc. (NIO) are climbing 16 percent on Wednesday's trading continuing their upward movement since the past few days. On Wednesday, the stock was positively impacted by news of Nio's collaboration with Chinese tech giant Tencent Holdings Ltd. (TCEHY) to work together on developing autonomous driving technology and high-definition mapping systems.

Currently at $12.36, the stock has traded between $8.38 and $40.83 during the past 52 weeks.

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