Quarterly deliveries for EV maker Nio hits record high

Jul 03, 2020 2:12 am

Chinese electric vehicle maker Nio set a record for quarterly vehicle deliveries despite disruptions due to the Covid-19 outbreak, sending its shares soaring 16.6% to $9.23 in premarket trading.

Amid an extended slump in China’s EV market, Nio is accelerating into the fast lane following a significant cash injection and new production model coming to the market.


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