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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 -0.71% 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 +0.0091% and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.10% . Earlier Thursday, Tesla Inc. /zigman2/quotes/203558040/composite TSLA +1.01% 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
$ 43.68
-0.31 -0.71%
Volume: 9.50M
July 26, 2021 9:53a
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$69.02 billion
Rev. per Employee
N/A
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/zigman2/quotes/210599714/realtime
US : S&P US
4,412.19
+0.40 +0.0091%
Volume: 238.55M
July 26, 2021 9:53a
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
35,025.48
-36.07 -0.10%
Volume: 42.42M
July 26, 2021 9:53a
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/zigman2/quotes/203558040/composite
US : U.S.: Nasdaq
$ 649.90
+6.52 +1.01%
Volume: 2.82M
July 26, 2021 9:53a
P/E Ratio
650.97
Dividend Yield
N/A
Market Cap
$619.79 billion
Rev. per Employee
$445,694
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