China EV Maker NIO Surges; CEO 'Confident' In 2026 Targets

Shares of the Chinese electric vehicle company Nio (NIO) soared in overseas trading after CEO William Li was adamant the automaker would hit its annual delivery target. On Monday, NIO shares on the Hong Kong Stock Exchange rose 7% after Li told reporters he was "confident" the company would achieve the 40% to 50% growth target for 2026, according to…