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. The company counts Chinese internet giant Tencent Holdings and Hillhouse Capital Management as its shareholders, and raised $1 billion last year in an initial public offering that valued it at $6.4 billion.
Continue reading Tesla-rival Nio quarterly sales beat, shares surge driven by higher EV demand
Tesla-rival Nio quarterly sales beat, shares surge driven by higher EV demand originally appeared on Autoblog on Mon, 30 Dec 2019 08:55:00 EST. Please see our terms for use of feeds.
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