Heading into today’s election, the markets might have been floundering, but the extreme bouts of volatility had minimal impact on Nio (NIO).The Chinese EV maker continued on its merry way, by doing what it has done so well throughout 2020 – accumulating share gains. Year-to-date, the stock has accrued an astounding 764%.The market might be infatuated with tech/growth/EV stocks, all boxes the company dubbed “the Chinese Tesla” ticks, but its market performance is getting some backup from real world data.Nio announced earlier this week that in October it sold 5,055 vehicles, displaying a 100% year-over-year uptick.With waiting times on deliveries …read more
Source:: Yahoo Finance
