NIO's Sales Doubled in October as the Company Prepares to Report Earnings
Chinese electric-vehicle (EV) maker NIO (NYSE: NIO) said on Monday that its deliveries doubled in October from a year ago, as a recent production increase helped it hit a key milestone for the first time.
NIO delivered 5,055 vehicles to customers in October, breaking the 5,000-delivery mark for the first time as it reaped the benefits of a production capacity increase that it put in place a few weeks earlier.
NIO's sales have been rising steadily since China's coronavirus pandemic faded in the spring. Year to date, the company's deliveries are up 111% from the first 10 months of 2019, as its monthly sales totals recovered in April and have increased since.
Source Fool.com
