$NIO Inc.(NIO)$Bullish $NIO Inc.(NIO.SI)$$NIO-SW(09866)$ is one of the leading EV makers in China. The company’s Battery as a Service (BaaS) and Autonomous Driving as a Service (ADaaS) offerings give it an edge over its rivals. $NIO Inc.(NIO)$
In June, $NIO Inc.(NIO)$ launched its ES7 model, a mid-large five-seater SUV, which is based on the company’s NIO Technology 2.0 platform. The company has also enhanced its ES8, ES6, and EC6 vehicles. The deliveries of the ES7 SUV and the upgraded versions are expected to commence in August.
Nio’s June deliveries increased by 60.3% year over year to 12,961 vehicles, reflecting a strong recovery following disruptions caused by lockdowns. The company’s second quarter deliveries grew 14.4% year over year to 25,059.
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