NIO stock is up 11% today after the so-called “Tesla of China” reported a 35% increase in vehicle deliveries for the three months ended September 30.
A Welcome Reprieve for NIO StockChinese electric carmaker NIO Inc (NYSE:NIO) had been battling for survival last month following the release of its Q2 results, which saw the company report a greater than expected loss of $462 million USD, an 80% increase on the same period last year and considerably worse than the predicted figure of $390 million USD. NIO has been hemorrhaging money since its foundation in 2014 ...
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