Shares of Chinese language electric-vehicle maker NIO (NYSE:NIO) rose sharply in Hong Kong on expectations that Might deliveries would probably hit a document excessive, the Wall Road Journal reported on Friday.
Shares of the Shanghai-based firm climbed 10% to 42.10 Hong Kong {dollars} ($5.38).
In response to the report, analysts stated, NIO may ship greater than 20,000 automobile models in Might. The corporate beforehand hit a month-to-month gross sales document of 20,462 models in July final 12 months.
The sturdy gross sales might be as a result of continued reductions on automobile costs and batteries, WSJ stated, quoting BOCOM Worldwide auto analyst Angus Chan.
NIO (NIO) delivered 15,620 vehicles in April 2024, representing a powerful enhance of 134.6% Y/Y. The deliveries consisted of 8,817 premium sensible electrical SUVs and 6,803 premium sensible electrical sedans.
The corporate will report its fourth-quarter 2023 earnings on June 6, when it’s anticipated to offer steerage on its second-quarter deliveries.
Positive factors in NIO (NIO) additionally lifted the broader EV sector greater in Hong Kong in early commerce. Friends XPeng (XPEV) rose 4.7% and Li Auto (LI) was up 3.3%.
Shares of Chinese language electric-vehicle maker NIO (NYSE:NIO) rose sharply in Hong Kong on expectations that Might deliveries would probably hit a document excessive, the Wall Road Journal reported on Friday.
Shares of the Shanghai-based firm climbed 10% to 42.10 Hong Kong {dollars} ($5.38).
In response to the report, analysts stated, NIO may ship greater than 20,000 automobile models in Might. The corporate beforehand hit a month-to-month gross sales document of 20,462 models in July final 12 months.
The sturdy gross sales might be as a result of continued reductions on automobile costs and batteries, WSJ stated, quoting BOCOM Worldwide auto analyst Angus Chan.
NIO (NIO) delivered 15,620 vehicles in April 2024, representing a powerful enhance of 134.6% Y/Y. The deliveries consisted of 8,817 premium sensible electrical SUVs and 6,803 premium sensible electrical sedans.
The corporate will report its fourth-quarter 2023 earnings on June 6, when it’s anticipated to offer steerage on its second-quarter deliveries.
Positive factors in NIO (NIO) additionally lifted the broader EV sector greater in Hong Kong in early commerce. Friends XPeng (XPEV) rose 4.7% and Li Auto (LI) was up 3.3%.