NIO (NIO) Stock: Why The Price Surged Today

By Amit Chowdhry ● Nov 22, 2021
  • The shares of NIO Inc (NYSE: NIO) increased by over 10% during intraday trading today. This is why it happened.

The shares of NIO Inc (NYSE: NIO) increased by over 10% during intraday trading today. Investors are responding positively to a report from CnEVPost.

The report says that formal reservations for NIO’s flagship ET7 sedan are expected to start in mid-January 2022. And deliveries are reportedly set to begin by the end of the first quarter.

CnEVPost cited a source who works as a project manager for the ET7. The ET7 was unveiled at NIO House in Shenzhen’s Ping An Financial Center on November 19. And a day later, the team in charge of the ET7 project met with interested users at the NIO House.

The NIO ET7 will initially be delivered at a rate of a few hundred units per month. And then NIO will ramp up capacity about 2-3 months after.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.