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Why Nio Stock Is Higher Today

TheMotleyFool

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Shares of Chinese electric-vehicle maker Nio (NYSE: NIO) were trading higher on Wednesday, after the company's communications chief shared some upbeat details around Nio's pricing performance in December.

As of noon ET, Nio's American depositary shares were up about 3.3% from Tuesday's closing price.

We know that Nio has been selling a lot of vehicles. The company's deliveries were up 109% in 2021 from the year before, despite a lack of new models -- something that could have been a significant handicap in China's fast-moving new-car market. (Electric vehicle investors currently expect Nio to launch three new models in 2022.)

Source Fool.com

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