What's Going On With Nio Stock Wednesday?

NIO Inc NIO shares are trading slightly higher Wednesday after the company provided a delivery update. 

What Happened: Nio said it delivered 16,074 vehicles in October, up 59.8% year-over-year and up from 15,641 vehicles in September. The deliveries consisted of 11,086 SUVs and 4,988 sedans. 

The China-based EV maker has now delivered 126,067 vehicles year-to-date, representing an increase of 36.3% year-over-year. As of Oct. 31, cumulative deliveries of Nio vehicles reached 415,623. 

As of the end of October, Nio had deployed 2,079 power swap stations and 1,923 power charger stations globally.

Nio also noted that its ET5T was awarded a five-star safety rating by the European New Car Assessment Programme last month, making it the third Nio model to achieve a five-star rating. 

See Also: Stellantis' Chrysler Recalls Nearly 100K SUVs Over Faulty Seatbelts

NIO Price Action: Nio shares are down approximately 25% since the start of the year. The stock was up 0.68% at $7.35 Wednesday morning, according to Benzinga Pro.