Why Nio Stock Is Taking Off Today

Nio (NYSE: NIO) stock shot up Friday morning, surging as high as 8.6% by 10:15 a.m. ET. After stagnating in recent months, Nio's deliveries rocketed in March, with the electric vehicle (EV) maker even setting a new quarterly record.

With the exciting update coinciding with an equally big development in China this morning, Nio shares were bound to take off.

Here are the key numbers from Nio's latest delivery report:

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Source Fool.com