US Stock Market Move | Electric vehicle stocks rise, NIO Inc. Sponsored ADR Class A (NIO.US) up over 6%.

On Friday, shares of new energy vehicles rose, as of the time of writing, NIO Inc. Sponsored ADR Class A (NIO.US) rose by over 6%, Li Auto, Inc. Sponsored ADR Class A (LI.US) and Tesla, Inc. (TSLA.US) rose by over 3%, Rivian Automotive (RIVN.US) rose by over 1.8%, and XPeng, Inc. ADR Sponsored Class A (XPEV.US) rose by over 1.4%.