NIO Stock Is Moving Again As ES8 Sales Put Profit Hopes Back In Play
NIO’s U.S.-listed shares rose 43.5 cents to $6.515 Wednesday, valuing the company at about $13.6 billion, as April deliveries climbed 22.8% to 29,356 vehicles. The ES8 SUV accounted for 44% of April’s volume. NIO’s first-quarter results are due May 21. The company remains smaller than rivals XPeng, Li Auto, and BYD.