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Nio’s stock jumps after report of China’s plan to boost EV sales

Shares of Nio Inc., and those of other China-based electric-vehicle makers, powered higher Friday, after a report that China reportedly plans to provide car owners with an incentive to buy EVs.

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Byd Co., Ltd. (BYDDY)

Li Auto Inc. Sponsored ADR (LI)

NIO Inc. (NIO)

Tesla, Inc. (TSLA)

XPeng Inc. Sponsored ADR (XPEV)