Why NIO's Stock Is Surging Today
Shares of Chinese electric-vehicle maker NIO (NYSE: NIO) were trading higher on Thursday, after the company reported sales totals for June and the second quarter that exceeded analysts' expectations and its own guidance.
As of 1:15 p.m. EDT, NIO's American depositary shares were up about 16.7% from Wednesday's closing price.
NIO said that it delivered 3,740 of its upscale electric SUVs in June, up 179% from a year ago and an all-time monthly deliveries record for the company. The result boosted its second-quarter deliveries total to 10,331 vehicles, up 191% from the year-ago period and its best-ever quarterly result.
Source Fool.com
