Chinese electric vehicle maker NIO Inc.’s (NYSE: NIO) latest model, the all-new ES6, has become a standout performer and is reminiscent of Tesla Inc.’s (NASDAQ: TSLA) Model 3 success story.
What Happened: In July, NIO reported a delivery figure of 20,462 vehicles, marking an impressive 103.6% year-on-year surge and a 91.1% leap from the previous month. Notably, the ES6 played a pivotal role in this remarkable achievement, contributing over 10,000 units to this record-breaking month.
