Nio vehicle deliveries nearly tripled in June

Nio (NIO.US) – Chinese electric-car producer delivered 3,740 vehicles during June, a monthly record, and exceeded prior guidance with second-quarter deliveries of 10,331 vehicles. That Q2 figure was more than double the Q1 figure.

“In June, we achieved a historical high of monthly deliveries, contributing to our best quarterly performance,” William Bin Li, founder and chief executive, said in a statement.

Recently Goldman Sachs lowered its rating on company shares to neutral from buy, though the firm raised its share-price target to $7 from $6.40.

Nio (NIO.US) - launched today's session with a bullish price gap and is currently testing key resistance level at $9.21 per share. In case the stock fails to close above the aforementioned resistance, the future of the rally may be put under question. In such a scenario, $7.96 is the near-term support to watch. Source: xStation5

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This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

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Nio vehicle deliveries nearly tripled in June

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