FinancialBuzz.com’s latest The Buzz Show: Featuring Our Corporate News Recap on “NIO Surges After Doubling October Deliveries ”
NIO (NYSE: NIO) opened 13% above its previous close, pushing the stock to a new all time high on news that the company delivered more than 5000 cars in October.
NIO doubled its deliveries number from a year ago, and is said to be reaping the rewards of its recent assembly line overhaul, hitting the 5000 delivery mark for the first time.
NIO Inc. is a pioneer in China’s premium smart electric vehicle market. Founded in November 2014, NIO’s mission is to shape a joyful lifestyle. NIO aims to build a community starting with smart EVs to share joy and grow together with users. NIO designs, jointly manufactures, and sells smart and connected premium electric vehicles, driving innovations in next-generation technologies in connectivity, autonomous driving, and artificial intelligence. Redefining the user experience, NIO provides users with comprehensive, convenient, and innovative charging solutions and other user-centric services. NIO began deliveries of the ES8, a 7-seater flagship premium electric SUV in China in June 2018, and its variant, the 6-seater ES8, in March 2019. NIO officially launched the ES6, a 5-seater high-performance premium electric SUV, in December 2018 and began the first deliveries of the ES6 in June 2019. NIO officially launched the EC6, a 5-seater premium electric coupe SUV, in December 2019 and began the first deliveries of the EC6 in September 2020.
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