{"id":67778,"date":"2023-10-02T08:40:13","date_gmt":"2023-10-02T12:40:13","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/nios-stock-rises-toward-5-day-win-streak-as-q3-deliveries-jump-75\/"},"modified":"2023-10-02T08:40:18","modified_gmt":"2023-10-02T12:40:18","slug":"nios-stock-rises-toward-5-day-win-streak-as-q3-deliveries-jump-75","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=67778","title":{"rendered":"Nio\u2019s stock rises toward 5-day win streak as Q3 deliveries jump 75%"},"content":{"rendered":"
\n

Shares of Nio Inc. rose Monday toward a fifth-straight gain, after the China-based electric-vehicle maker reported a big jump in deliveries for both September and the third quarter, amid the launch of its new EC6 coupe SUV.<\/p>\n

Fellow EV makers Li Auto Inc.
\n LI,
\n +3.24%<\/bg-quote>
\n and XPeng Inc.
\n XPEV,
\n +6.62%<\/bg-quote>
\n also reported big increases in deliveries.<\/p>\n

\n

Nio\u2019s stock
\n NIO,
\n +1.46%<\/bg-quote>
\n rose 0.8% in premarket trading. It has climbed 10% over the past four sessions, after closing at a 3 1\/2-month low on Sept. 25.<\/p>\n

The company said over the weekend that it delivered 15,641 vehicles in September, up 43.8% from a year ago. The deliveries included 11,504 smart electric sport-utility vehicles and 4,137 sedans.<\/p>\n

For the third quarter, the 55,432 EVs delivered were 75.4% more than last year.<\/p>\n

The company said deliveries of the EC6 smart electric coupe SUV started on Sept. 15.<\/p>\n

Nio\u2019s stock has lost 6.7% over the past three months through Friday, while the iShares MSCI China ETF
\n MCHI
\n has declined 3.2% and the S&P 500 index
\n SPX
\n has slipped 3.7%.<\/p>\n

Also over the weekend, Li Auto said it delivered a monthly record 36,060 vehicles in September, representing a 212.7% increase from the same month a year ago. For the third quarter, deliveries were up nearly four-fold (up 296.3%) from a year ago to 105,108 vehicles.<\/p>\n

The company said it also became China\u2019s first new-energy automaker to reach the delivery milestone of 500,000.<\/p>\n

The stock rallied 1.7% ahead of Monday\u2019s open.<\/p>\n

Xpeng\u2019s stock advanced 0.9% toward a fourth-straight gain, after the EV maker said it delivered 15,310 vehicles in September, up 81% from a year ago. For the third quarter, deliveries hiked up 72% to 40,008 EVs, as production capacity of the G6 model \u201cexpanded significantly.\u201d<\/p>\n

Separately, BYD Co.
\n BYDDY,
\n +1.73%<\/bg-quote><\/p>\n

002594,
\n -0.48%<\/bg-quote>
\n reported Monday deliveries of 144,179 battery-electric vehicles in September, up 50% from a year ago, while plug-in hybrid vehicle deliveries increased 30% to 135,118.<\/p>\n

Li Auto\u2019s stock has gained 1.6% over the past three months, while XPeng shares have soared 36.8% and Boyd\u2019s U.S.-listed stock has given up 3.5%.<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Shares of Nio Inc. rose Monday toward a fifth-straight gain, after the China-based electric-vehicle maker reported a big jump in deliveries for both September and the third quarter, amid the launch of its new EC6 coupe SUV. Fellow EV makers Li Auto Inc. LI, +3.24% and XPeng Inc. XPEV, +6.62% also reported big increases in […]<\/p>\n","protected":false},"author":1,"featured_media":67779,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-67778","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"\nNio\u2019s stock rises toward 5-day win streak as Q3 deliveries jump 75% | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Shares of Nio Inc. rose Monday toward a fifth-straight gain, after the China-based electric-vehicle maker reported a big jump in deliveries for both\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=67778\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta 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