Nio November 2021 deliveries surge 197% M/M to 10,878 vehicles

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• 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.