Beleaguered Chinese electric vehicle (EV) manufacturer Nio (NYSE:NIO) has finally given investors something to cheer about. Earlier today, management announced a large increase in April deliveries compared to the prior year. This news is helping lift many other EV stocks alongside Nio. However, NIO stock still faces broader challenges.According to a press release, Nio delivered 15,620 vehicles in April 2024, representing a 134.6% year-over-year (YOY) increase. The tally consisted of 8,817 premium smart elec ...