Electric carmaker Nio of Shanghai, China showed improved third quarter performance, beating the consensus estimate.Deliveries were up 35%;sales rose 22.5 %;and total revenue gained 25%, rising to 257 million dollars, versus the estimate of 234 million.*
Nio designs,manufactures and sells smart,connected vehicles that integrate with next gen technologies and artificial intelligence.Its ES 8 SUV can accelerate to 100 km/hr in 4.4 seconds and has a range of up to 500 km on a single charge.Nio also offers vehicle charging systems such as Power Home and Power Swap.*
Nio's market cap is four billion.It doesn't pay a dividend.Year on year, its shares are down 39.41%.It has been called "the Tesla of China".
At close of NYSE trading today,Nio stock was up 1.38 to 3.80,or 57.02%.*
Nio,Inc (NIO)
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