EV Makers Get a Boost After Nio's Record Deliveries
NIONIO(NIO) Investopedia·2024-07-01 23:21

Key Takeaways Electric vehicle maker Nio announced record June and quarterly deliveries. The company's 21,209 deliveries in June was an increase of 98% from a year ago, and second quarter deliveries of 57,373 was a 144% jump. ADRs of Nio and Chinese rivals, as well as shares of American EV manufactures, advanced. Nio's (NIO) American Depositary Receipts (ADRs) jumped Monday after the Chinese electric vehicle (EV) maker reported a second-straight month of record deliveries. The news lifted ADRs of Chinese ri ...