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July 2, 2020, 1:46 p.m. EDT

Nio shares rally 16% after electric-car company's above-expectations sales

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By Claudia Assis

American depositary shares of Nio Inc. /zigman2/quotes/204905836/composite NIO +2.63% rallied more than 16% Thursday after the Shanghai-based electric-car maker reported second-quarter and June sales above its forecast. Nio said it delivered 3,740 vehicles in June, a 179% increase year-over-year, including 2,476 of ES6s, Nio's small SUV and its most popular vehicle. The company sold 10,331 vehicles in the second quarter, an increase of 191% from the previous-year period. As of June 30, Nio has delivered a total of 46,082 vehicles, with 14,169 delivered in 2020. A close around current levels would be Nio's highest since March 2019 and a fourth straight session of gains for the ADRs.The shares have gained 130% for the year, contrasting with losses of about 3% and 9% for the S&P 500 index /zigman2/quotes/210599714/realtime SPX +1.60% and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +1.34% . Earlier Thursday, Tesla Inc. /zigman2/quotes/203558040/composite TSLA +5.04% reported standout quarterly delivery and production numbers, mainly relying on the U.S. company's new Shanghai-based factory.

/zigman2/quotes/204905836/composite
US : U.S.: NYSE
$ 18.32
+0.47 +2.63%
Volume: 44.12M
Sept. 25, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$24.96 billion
Rev. per Employee
N/A
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/zigman2/quotes/210599714/realtime
US : S&P US
3,298.46
+51.87 +1.60%
Volume: 2.18B
Sept. 25, 2020 5:06p
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
27,173.96
+358.52 +1.34%
Volume: 391.73M
Sept. 25, 2020 5:06p
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/zigman2/quotes/203558040/composite
US : U.S.: Nasdaq
$ 407.34
+19.55 +5.04%
Volume: 67.21M
Sept. 25, 2020 4:00p
P/E Ratio
1,060
Dividend Yield
N/A
Market Cap
$379.56 billion
Rev. per Employee
$439,627
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