Higher EV demand drives Tesla-rival Nio's quarterly sales beat, shares surge

Sales were up nearly 22% to 1.7 billion yuan from a year earlier. Nio sold 603 units of model ES8 and 4,196 units of its cheaper ES6 model in the quarter. Nio’s ES8, a pure-electric, seven-seater sport-utility vehicle, is widely seen as a rival to Tesla Inc’s Model X. …read more

Source:: Yahoo Finance

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