Why NIO Stock Is Higher Today
Shares of Chinese electric-vehicle maker NIO (NYSE: NIO) were trading higher on Monday after the company said that it set a new monthly record for deliveries in December. As of 10:45 a.m. EST, NIO's American depositary shares were up about 11.1% from Friday's closing price.
NIO said that it ended 2020 on a high note, with 7,007 vehicles delivered in December, a 121% increase from a year ago and a new monthly record for the company.
That total includes 2,009 of NIO's flagship ES8 SUVs, 2,493 of its midsize ES6 SUVs, and 2,505 of its newest model, the sporty EC6 crossover.
Source Fool.com
