Nio stock jumps after CEO flags $4.3 billion Q4 vehicle-sales outlook
Nio’s U.S.-listed shares rose 4.7% Monday and were indicated higher Tuesday after CEO William Li said fourth-quarter vehicle sales should exceed 30 billion yuan. The company now expects 120,000–125,000 vehicle deliveries for the quarter, down from an earlier 150,000 target. Hong Kong-listed shares climbed 4.9%. The gains came as Wall Street’s main indexes closed lower.