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And more models are in the pipeline, Harris added. "Within three years, 75 percent of models in the showrooms will be new."

Analysts believe that Trump's intentional use of "China Virus" is to distract US public from the wide criticism of his missteps in his early denial to the seriousness of the pandemic. Now with stock market gains in the past three years totally wiped out, he is eager to play blame game, especially in a presidential election year. Some, such as California Congressman Ted Lieu, have accused Trump of stoking xenophobic panic in a time of crisis.

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.

And British online retail group Asos also pulled out of China in 2016 after it failed to compete with large, native e-commerce retailers.

Andrew Kagwa Gathaara, chief editor of the Standard, Kenya