What’s Going on with NIO Inc.?
Today, Oct. 1, China’s NIO Inc. (NIO) reported record monthly and quarterly deliveries for the company’s fleet of electric vehicles. The auto manufacturer, founded in 2014, has provided investors with news regarding the firm's positive September 2021 delivery results. NIO stock increased 3.12% pre-market today, up to $36.74 per share.
What Does This Mean for NIO?
For September 2021, NIO delivered 10,628 vehicles around the globe, which is a 125.7% increase year-over-year. For the third quarter of 2021, the company delivered 24,439 vehicles overall, which adds up to a 100.2% increase year-over-year.
NIO announced that its deliveries for its top-selling eclectic vehicles (EC6, ES6 and ES8) have now hit 142,036 units in total. In further news, NIO also revealed that it has recently opened NIO House in Oslo, Norway and that the company has “completed its first batch of vehicle deliveries in Norway.”
NIO has a Fundamental Rank of 73. Find out what this means to you and get the rest of the rankings on NIO!
NIO Inc operates in China's premium electric vehicle market. The company designs and jointly manufactures, and sells smart and connected premium electric vehicles, driving innovations in next-generation technologies in connectivity, autonomous driving, and artificial intelligence. Its model includes EP9 supercar, ES8, ES6, and EC6. The company sells vehicles through its own sales network, including NIO Houses, NIO Spaces, and their mobile application. The majority of the revenue is earned from selling vehicles.
