Nio November 2021 deliveries surge 197% M/M to 10,878 vehicles
Dec. 01, 2021 3:52 AM ETNIO Inc. (NIO)By: SA News Team11 Comments
- Nio (NYSE:NIO) has delivered 10,878 vehicles in November 2021, up 105.6% Y/Y, and representing a solid monthly growth of 196.6% M/M from October's deliveries of 3,667 units.
- The deliveries consisted of 2,683 ES8s, 4,713 ES6s, and 3,482 EC6s.
- Total YTD deliveries reached 80,940 vehicles, up 120.4% Y/Y.
- Cumulative deliveries of the ES8, ES6 and EC6 as of November 30, 2021 reached 156,581.
- Last month, Citi boosted price target on Nio (NIO) to $87 from $70 on expectations that the Chinese EV player will nab more market share.