NIO's Sales Are Rising, but Is It Enough?
Chinese electric automaker NIO (NYSE: NIO) said that it delivered 2,528 vehicles in November, down from a year ago but in line with its October result, as its sales rebound held steady after a tough second quarter.
NIO is still thought to be running dangerously low on cash. But the company is proceeding as if all is well, opening new stores and hinting that a new model is coming soon.
NIO's November delivery total was down 18% from November of 2018, but it was still the company's best month for deliveries since the beginning of the year.
Source Fool.com
