Tesla rival Nio soars 75% in its second day on the NYSE

Chinese electric carmaker Nio may have limped out of the gate in its IPO, but the company found its footing on its second day of trading, leaping 75 percent by the closing bell. Shares gained another 10 percent overnight, and will likely open around $13 today — more than double its IPO price. Nio employs more than 500 people at its U.S. headquarters in North San Jose, whose operations are led by former Cisco executive Padmasree Warrior. The company launched in 2014, and has grown rapidly on its…

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Tesla rival Nio soars 75% in its second day on the NYSE

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