NIO Inc NIO shares are trading higher Friday after the company provided a delivery update for June, as well as the second quarter.
Nio said it delivered 12,961 vehicles in June, an increase of 60.3% year-over-year. June deliveries consisted of 1,684 ES8s, 5,100 ES6s, 1,828 EC6s and 4,349 ET7s.
In the second quarter, Nio delivered 25,059 vehicles, an increase of 14.4% year-over-year. Cumulative deliveries reached 217,897 as of June 30.
Nio also announced that it expects to begin deliveries of its ES7, as well as the 2022 versions of the ES8, ES6 and EC6 in August.
Nio operates in China's premium electric vehicle market. The company designs, jointly manufactures and sells smart and connected premium electric vehicles, driving innovations in next-generation technologies in connectivity, autonomous driving and artificial intelligence.
NIO Price Action: Nio has traded between $55.13 and $11.67 over a 52-week period.
The stock was up 2.07% at $22.17 at press time, according to data from Benzinga Pro.
Photo: courtesy of Nio.
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.
All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.
Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.
Rate collection and criteria: Click here for more information on rate collection and criteria.