https://wccftech.com/nio-all-time-high-ratings-options/

Electric vehicle manufacturer NIO Inc (NYSE:NIO) took creative advantage of China's new electric vehicle subsidies as it announced the Battery as a Subscription (BaaS) service last week. The company, whose vehicle's are priced lower than Tesla Inc's in China, already allows its customers to swap their batteries instead of recharging them, with the service allowing its vehicles to have greater range than they normally would have, given the hindrances imposed due to China's underdeveloped charging network.

Following the announcement, Nio's stock picked up on a growth spurt that was maintained over the weekend and yesterday. Now, after investment bank UBS upgraded the stock to Hold, the company's shares have crossed their all-time high during trading today.