NIO stock rose 10% on record high deliveries

Nio (NIO.US) stock rose over 10% after China-based electric car producer announced it has delivered 43,728 vehicles in 2020, almost twice as much as in the previous year. Last quarter the company delivered 17,353 vehicles, an increase of 111% year-over-year. Also NIO on Sunday launched a pre-owned service called Nio Certified for buyers of used Nio cars. The company plans an investment of 3 billion yuan ($459.21 million) into this service over five years. "The launch of NIO Certified marked the closure of the service loop throughout the life cycle of NIO cars," the company said in a statement.

NIO (NIO.US) outperformed in 2020 among the EV players, with the stock up 1 112.4%. Recently stock bounced off the 50 SMA (green line) and is heading towards all-time high at $57.41 level. Source: xStation5

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