The electric carmaker delivered 4,799 vehicles in the third quarter, up 35.1% from the second quarter.
Nio, an electric car maker based in China, announced Tuesday that it delivered 4,799 vehicles in the third quarter, above its guidance and up 35% from second-quarter deliveries. Shares gained as much as 11.33% on the news. The solid report comes after a rough second quarter for the company during which it reported disappointing earnings, announced it would cut 20% of its workforce, and had to recall nearly 5,000 vehicles. Watch Nio trade live on Markets Insider.
Nio, an electric car maker based in China, announced Tuesday that it delivered 4,799 vehicles in the third quarter, above its guidance and up 35% from second-quarter deliveries. Shares gained as much as 11.33% on the news. The solid report comes after a rough second quarter for the company during which it reported disappointing earnings, announced it would cut 20% of its workforce, and had to recall nearly 5,000 vehicles. Watch Nio trade live on Markets Insider.
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