What's Going On With Nio Stock Monday?

NIO Inc NIO shares are trading higher. The stock could be getting a boost from multiple developments Monday morning.

What To Know: Over the weekend, Nio provided an update on the expansion efforts of its global infrastructure network. 

In a new post on X, the China-based EV maker said it now has 142 Nio Houses, 320 Nio Spaces, 315 service centers and 62 delivery centers. Nio also noted that it currently has 2,217 Power Swap Stations, as well as 20,421 chargers at 3,485 Power Charger Stations. 

Nio shares may also be getting a boost from China sales numbers from Tesla Inc TSLA.

Tesla's China-based sales reportedly fell 17.8% year-over-year in November according to China Passenger Car Association (CPCA) data reported by Retuers. However, the EV maker's China-made deliveries were up about 14% compared to October. 

The news comes after Nio reported November delivery numbers on Friday. Nio said it delivered 15,959 vehicles last month, up 12.6% year-over-year. The EV maker has now delivered 142,026 vehicles year-to-date. 

Nio is set to report third-quarter financial results before the market opens on Tuesday. The company is expected to report a loss of 43 cents per share on quarterly revenue of $2.63 billion, according to estimates from Benzinga Pro.

Check This Out: Tesla Less Appealing To Car Rentals? Europe's Sixt To Phase Out Tesla Cars After Hertz

NIO Price Action: Nio shares were up 1.75% at $7.28 at the time of publication, per Benzinga Pro.

Photo: courtesy of Nio.