NIO Inc - ADR (NYSE:NIO) shares are trading higher Wednesday as risk appetite improves in pockets of the tape and traders revisit China-related volatility after recent regulatory headlines.

Nio stock price retreated sharply after releasing its financial results last week, with traders shifting their focus to XPeng and Li Auto.

The Chinese EV maker has released its figures for Q1/2026. According to the report, sales and revenue increased significantly compared to the same quarter