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Nio shares rally on Chinese EV maker’s first-ever profit

The automaker reported $115 million in profit

Bloomberg News

Chinese electric-vehicle maker Nio Inc. reported its first-ever quarterly profit, reaching a milestone that follows a decade of cash burn and lifting the company’s US-listed shares. The Shanghai-based automaker on Tuesday reported profit from operations of 807.3 million yuan ($115 million) for the December quarter, marking a stark contrast to the 6 billion yuan loss […]

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