U.S.-listed shares of Chinese EV maker Nio Inc. NIO, +8.24% rallied more than 8% Monday, extending their winning streak a second day and outperforming the broader equity indexes by a large margin. The shares have recouped about 17% since a May 2 three-year low. Reuters reported last week that Nio has invested in a nuclear-fusion startup. Gains for Nio also lifted the American depositary shares of XPeng Inc. XPEV, +4.71%, which gained more than 4%. Shares of most U.S. auto companies rose on Monday, with Ford Motor Co.’s F, -0.60% bucking the trend and down 1.3%. Ford earlier Monday hosted an analyst day, reaffirming its guidance of $9 billion to $11 billion in adjusted EBIT and about $6 billion in adjusted free cash flow.
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