Why NIO's Stock Is Surging Today

Why NIO's Stock Is Surging Today

As of 1:15 p.m. EDT, NIO's American depositary shares were up about 16.7% from Wednesday's closing price. NIO said that it delivered 3,740 of its upscale electric SUVs in June, up 179% from a year ago and an all-time monthly deliveries record for the company. The result boosted its second-quarter deliveries total to 10,331 vehicles, up 191% from the year-ago period and its best-ever quarterly result.