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Analysts said the sales momentum is an indicator of the healthy rebound in domestic demand as well as a sign that infrastructure projects are increasing amid accelerated work and manufacturing resumption across the country. The government's effective measures to contain the spread of COVID-19 epidemic and the orderly resumption of business will continue to buoy demand in the long run, they said.

And then there’s Amazon. When the Seattle company?unveiled its Fire smartphone last week, it set off a wave of speculation about what that phone will do to the Android ecosystem. The Fire runs a forked version of Google’s open-source operating system, and doesn’t include Google Play Services. That’s because Google refuses to license its services for manufacturers like Amazon that choose to fork Android.

And all the plastic packaging of the company's products will be recyclable by 2025, a goal that is part of the company's responsibility to achieve a sustainable development, said Miguel Veiga-Pestana, senior vice-president of Corporate Affairs.

Analysis

Analysts said the surge shows investors are optimistic about the company's potential, although Nio still faces many challenges in the cutthroat new energy vehicle market, especially after its IPO last month.