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Re: mick post# 1272

Tuesday, 10/30/2018 7:55:07 PM

Tuesday, October 30, 2018 7:55:07 PM

Post# of 22157
Nio Inc - ADR (NYSE: NIO), China’s fledgling electric vehicle manufacturer, temporarily surged Monday on news of a potential cut to auto taxes in its home country.

The Would-Be Catalyst

China’s National Development and Reform Commission proposed a tax abatement to stimulate the nation’s faltering auto industry. Sales have declined four consecutive months amid the U.S. trade war.
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