What's Going On With Nio Stock Thursday?

NIO Inc NIO shares are trading higher by 5.2% to $7.84 Thursday morning, despite a lack of company-specific news for the session. The company on Wednesday provided a delivery update. The stock may also be trading higher amid overall market strength following Wednesday's Federal Reserve decision.

What Happened With NIO Deliveries?

NIO on Wednesday reported its October 2023 delivery results, with a total of 16,074 vehicles delivered, showing a 59.8% year-over-year increase. This figure includes 11,086 premium smart electric SUVs and 4,988 premium smart electric sedans.

The cumulative deliveries of NIO vehicles reached 415,623 by the end of October 2023. Additionally, NIO's ET5T achieved a five-star safety rating from the European New Car Assessment Programme (Euro NCAP) in October 2023, marking it as the third NIO model to receive this rating under the new Euro NCAP 2023 protocols.

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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.