Briefing: Nio shares surge after exceeding third quarter delivery target

The Tesla of China surges after deliveries beat (NIO) – Markets Insider

What happened: Nio, also known as the Tesla of China, announced that it has delivered 3,268 ES8 vehicles in the third quarter, exceeding its own target of 2,900 to 3,000 vehicles. The Tencent-backed EV maker’s shares jumped as much as 8% on Monday.

Despite the production line being shut down for 10 days for routine maintenance, the company ensured that is still on track to hit the target of delivering 10,000 vehicles for the second half of 2018.

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