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Why Nio Stock Is Higher Today

TheMotleyFool

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Shares of Chinese electric vehicle (EV) maker Nio (NYSE: NIO) were trading higher on Monday after the company said that it successfully delivered 7,931 vehicles in July despite shortages of key parts.

As of 2:48 p.m. EDT, Nio's American depositary shares were up about 3.2% from Friday's closing price.

Nio's July deliveries total was more than double its year-ago result. But it was down slightly from June, when it managed to deliver just over 8,000 vehicles for the first time.

Source Fool.com

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