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Nio rallies after trade deal struck

|About: NIO Limited (NIO)|By: , SA News Editor

Nio (NIO +4.6%) breaks higher after China and the U.S. announce a trade deal has been struck (although details were limited).

The optimism could be tied closer to what the trade war cooling will mean for the Chinese economy.

Earlier this week, Nio received goods news from Beijing when the Chinese government said it's lifting its 2025 sales target for electric cars.

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