Breaking news - Apr 1st

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit

Table of Contents

NIO Q1 deliveries of 20,060 vehicles and beats expectations with a 423% increase YoY

  • The deliveries consisted of 1,529 ES8s, 3,152 ES6s, and 2,576 EC6s.
  • NIO delivers 20,060 vehicles in Q1 2021 giving it a 423% increase year over year
  • Deliveries beat expectation of 19,500 vehicles announced two weeks ago due to semiconductor shortage
  • Shares are up 5% pre-market at $41.
  • Overall, Biden’s proposal of massive investment in the electric vehicle market will boost the sector