Shares of Chinese electric vehicle maker Nio Inc – ADR (NYSE:NIO) are climbing Wednesday, recovering after Tuesday’s pullback. Here’s what investors need to know.
What To Know: Nio stock hit a new 52-week last week after reporting record deliveries for both September and the third quarter. Nio delivered 34,749 vehicles in September, a 64.1% year-over-year increase, and a record 87,071 units for the third quarter, representing a 40.8% rise. The strong performance was fueled by its new affordable ONVO and FIREFLY sub-brands.
