What's Going On With Nio Stock Friday?

Nio Inc - ADR NIO shares rose by 5.5% to $8.22 on Friday afternoon. Strength is likely due to the company's recent delivery update and the positive market sentiment following the Federal Reserve's decision on Wednesday.

What Happened With NIO Deliveries?

NIO this week reported delivery results for October 2023, with 16,074 vehicles delivered, marking a significant 59.8% year-over-year increase. This includes 11,086 premium smart electric SUVs and 4,988 premium smart electric sedans.

Furthermore, NIO reached a cumulative delivery milestone of 415,623 vehicles by the end of October 2023.

See Also: What's Going On With Tesla Stock Today

NIO's ET5T also received a five-star safety rating from Euro NCAP, becoming the third NIO model to attain this recognition under the new Euro NCAP 2023 protocols.

The company has also expanded its charging infrastructure, deploying 2,079 Power Swap Stations and operating a global network of charging stations and superchargers as of October 31.

According to data from Benzinga Pro, NIO has a 52-week high of $16.18 and a 52-week low of $7.00.