Nio Inc – ADR (NYSE: NIO) American depository shares (ADRs) are likely to open higher after the electric vehicle company delivered 10,628 vehicles to its global clientele in September.
The September vehicle deliveries represented a 125.7% growth compared to a similar period last year.
Overall, Nio delivered 24,439 cars in the three months to September 2021, representing a 100.2% jump compared to Q3 2020.
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Nio has so far delivered 142,036 vehicles since its inception as the Chinese electric vehicle manufacturer curves a niche for itself both at home and in international markets.’
Nio revealed that it had finally launched in Nio House in Norway and had delivered the first batch of vehicles ordered by its Norwegian clients.
The ES6 five-seater performance SUV accounted for over half of the October vehicle deliveries after the firm delivered 5,260 ES6s, compared to the 3,390 EC6s delivered and the 1,978 ES8s delivered globally.
Nio shares have been falling since July, and many are hoping that today’s numbers will trigger a rally in the electric vehicle manufacturer’s stock price.
Investors will be monitoring the stock during the premarket session and into the open to see how it performs. The vehicle delivery numbers were released during the Asian session.
*This is not investment advice.
NIO stock price.
NIO shares were down 0.25% during premarket trading despite the impressive vehicle deliveries.
Should you invest in NIO shares?
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