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Higher EV demand drives Tesla-rival Nio’s quarterly sales beat, shares rise

December 30, 2019

Via: Reuters

Revenue jumped nearly 22% to 1.7 billion yuan from a year earlier on sales of 4,196 units of ES6 model in the quarter and 603 units of pricier ES8- a seven-seater sport-utility electric vehicle widely seen as a rival to Tesla Inc’s Model X.

Larger rival Tesla said on Monday it has started delivering Model 3 electric cars from its strategic factory in Shanghai that begun operations less than a year ago, and that it plans to ramp up deliveries in January.

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