NEW YORK, Dec. 28, 2025, 5:15 p.m. ET — Market Closed

NIO Inc. (NYSE: NIO) enters the final trading week of 2025 with investors balancing two forces that have defined the stock for much of the year: sharp day-to-day volatility in the U.S.-listed ADR and fast-moving policy and demand signals coming out of China’s electric-vehicle market.

With U.S. equities markets closed for the weekend, the next meaningful catalyst for NIO shares will arrive when trading resumes Monday morning—after a post-holiday Friday session that left the broader market largely flat but kept the “Santa Claus rally” conversation alive heading into year-end.

Where NIO stock stands after Friday’s close

NIO ended Friday’s regular session at $5.10, up 3.87%,…