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.
Start your free trial now.
Get instant access to all our premium content, archives, newsletters, and online community.
Monthly Membership
Yearly Membership
What you get
Full access to all premium content and our full archives
Members'-only newsletters
Preferential access and discounts to all TechNode events
Direct access to the TechNode newsroom
Start your free trial now.
Get instant access to all our premium content, archives, newsletters, and online community.