Why Did Nio Shares Jump Today?
Investors in Chinese electric vehicle (EV) maker Nio (NYSE: NIO) are taking some recent struggles in stride. The American depositary shares were up as much as almost 5% Monday morning, and remained 2% higher as of 10:51 a.m. ET.
That move could be surprising to some after the company reported its April 2022 deliveries over the weekend. The 5,074 electric vehicles delivered last month marked a major drop from April 2021.
Nio ET5 midsize sedans will begin deliveries later this year. Image source: Nio.
Source Fool.com
