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Why NIO's Stock Was Up Over 10% Today

TheMotleyFool

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Shares of Chinese electric-vehicle maker NIO (NYSE: NIO) jumped on Wednesday after the company reported strong sales totals for April and said that its business is now fully up and running following the coronavirus outbreak.

NIO's American depositary shares ended the day at $3.62, up about 10.4% from Tuesday's closing price.

NIO released its April sales totals before the market opened on Wednesday, and they were good: The company delivered 3,155 vehicles in April, more than double its year-ago total and its best result since December.

Source Fool.com

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