US Stock Movement | NIO Inc. (NIO.US) Surges 6% as New Energy Vehicle Sales Double in Fourth Week of September

Stock News
09/30

On Tuesday, NIO Inc. (NIO.US) surged 6% to $7.65. On the news front, during the last week of September (September 22-28), benefiting from the delivery launch of the new NIO ES8, NIO brand sales achieved a doubling surge, re-entering the top ten list of new automotive forces. It is noteworthy that when combined with sales from its subsidiary brands - 3,800 units from Ledao and 1,800 units from Firefly - NIO Inc.'s overall weekly sales reached 10,800 units. This not only comprehensively surpassed leading new automotive brands including AITO, XPeng, and Li Auto, but also propelled the company to third place on the new automotive forces ranking, demonstrating a strong recovery momentum. With the further expansion of production capacity for the new NIO ES8, NIO's sales are expected to continue rapid growth.

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