Nio rose up to 10% on Monday after reporting record month, quarter, and year shipments for late 2020

The China-based electric vehicle maker saw record demand for its range of models as the company hit December 7th007 vehicles were sold, which corresponds to a growth of 121% compared to the previous year

Nio delivered in quarter 17353 vehicles and 43 in all of 2020728 vehicles, which is a growth of 111% compared to the previous year or 113% corresponds to

China has seen rapid demand for electric vehicles in recent months Other manufacturers such as XPeng and Li Auto exceeded Wall Street’s expectations and set new delivery records

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“China remains a green field opportunity for electric vehicles as we believe total electric vehicle sales in the region could potentially double in the next few years due to the pent-up demand for electric vehicles in all price ranges,” said Dan Ives of Wedbush in a note on Mondays

Nio has a total of 75 since the introduction of the ES8, ES6 and EC6 in 2018 and 2019641 vehicles sold on 9 On January 1st, Nio will present a new model of an electric sedan at the fourth Nio Day and describe its current developments in the field of autonomous driving in detail

Tesla also impressed investors with its 2020 delivery numbers, the company said close to 500 in 2020Having delivered 000 vehicles and missing its target by just a few hundred vehicles. Tesla rose 3% on Monday

NIO

World News – CA – Nio jumps 10% after reporting record monthly and quarterly deliveries of electric vehicles

Source: https://www.businessinsider.com/nio-stock-price-reports-record-monthly-quarterly-electric-vehicle-deliveries-2021-1