NIO ADR Aktie News

Chinese electric vehicle manufacturer NIO delivered 15,620 vehicles in April, representing a 134.6% year-over-year increase. The deliveries consisted of 8,817 premium smart electric SUVs and 6,803 premium smart electric sedans, according to a 6-K report filed with the SEC.

The American Depository Receipts of Nio, a Shanghai-based electric vehicle maker, just popped 20%, according to CNBC. Yet the ADRs trade a whopping 92% below their all-time high of $67.

Large-cap growth funds have been in the sweet spot for a few years now, thanks to megacap tech holdings.

Nio (NYSE: NIO) has faced challenges typical of the EV industry in 2024, including lower production and delivery numbers, leading the company to adjust its targets with the early months of 2024 were particularly tough for NIO stock, witnessing a 37.41% decline.

Hong Kong-listed shares of Chinese electric vehicle maker Nio Inc jumped 20% in early trading, after its vehicle deliveries more than doubled in April.

Nio (NYSE: NIO) stock price has rebounded sharply in the past few days as sentiment in the electric vehicle industry improves. It continued bouncing back on Wednesday after publishing encouraging delivery figures.

Nio's April deliveries soared 135% year over year. Nio stood out among its peers with its sharp sales growth last month.

Shares of Nio Inc. sped higher Wednesday, after the Chinese electric-vehicle maker reported April deliveries that more than doubled to outperform its peers by a wide margin.