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Benzinga
Benzinga
Business
Melanie Schaffer

As Nio Reports Surging Deliveries, EV-Maker's Stock Is Charging Toward This Trendline

NIO NYSE Crypto

Nio, Inc (NYSE:NIO) was spiking up almost 5% higher on Monday after a bullish day on Friday caused the stock to rally 4.89%.

The China-based EV-manufacturer on Monday said it rolled out 10,052 vehicles for the month of July, which represents an increase of 26.7% year-over-year. The company also said it expects its vehicle deliveries to accelerate over the coming months as supply chain constraints continue to ease.

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