Nio deliveries in January quadruple from a year ago, signaling a strong start to 2021
Chinese electric carmaker Nio said it delivered 7,225 vehicles in January, more than four times the number of cars delivered during the same month last year.BEIJING — Chinese electric car start-upNiois off to a solid start for the year, even if it has a long way to go to catch up with market leaderTesla.The company said Monday it delivered 7,225 vehicles in January, more than four times the 1,598 cars delivered during the same month last year.It’s taken Nio about six years to reach this point, w
Elon Musk automaker reports first annual profit, though fourth-quarter earnings miss expectations.Tesla Inc -Get Report said it sees deliveries growing at least 50% in 2021, while it reported fourth-quarter earnings below estimates after the bell Thursday.Tesla didn't provide specific deliveries guidance for 2021, but said it expects 50% average annual deliveries growth "over a multi-year horizon." The company added that "In some years we may grow faster, which we expect to be the case in 2021