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. 

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Source Fool.com