Nio Jumps 3.8% Before Delivering July's Numbers on August 1
Tiger Newspress2023-07-31
For Nio, July may have been the sweetest month of the last two years: no significant supply chain issues were encountered, and the stock is up 52 percent so far this month.
With the ET5 Touring and the new ES8 both set to see their first full delivery month, and the new ES6 coming in for its second full delivery month, many are expecting that sweetness to continue, leading to record-high deliveries.
Nio delivered 10,707 vehicles in June, up 74 percent from 6,155 in May. Its previous record for monthly deliveries was 15,815 in December last year.
Nio Jumps 3.8% before delivering July's numbers on August 1.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
