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Barchart
Wajeeh Khan

Should You Chase the Rally in Nio Stock Following Its Surprise Profit?

Nio (NIO) shares rallied more than 13% higher on Tuesday after the Chinese EV firm posted its first-ever quarterly profit of 282.7 million yuan ($41.11 million). 

In the earnings release, the company said record deliveries of 124,807 vehicles in Q4 provided the necessary scale to supercharge revenue to $4.95 billion, while vehicle margins climbed to 18.1%. 

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