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Stock impact report

Shares of Nio soar more than 20% as EV deliveries more than double in April [CNBC]

Li Auto Inc. - American Depositary Shares (LI) 
Company Research Source: CNBC
Hong Kong-listed shares of the company jumped as much as 23% to 44.20 Hong Kong dollars, touching their highest level in over six weeks. Nio shares also helped boost the broader Hang Seng index , which jumped 2% by midday trading. Nio said it delivered 15,620 vehicles in April, a 134.6% year-on-year increase. “The deliveries consisted of 8,817 premium smart electric SUVs, and 6,803 premium smart electric sedans,” the company said in a statement on Wednesday. Nio has delivered 45,673 vehicles so far this year, 21.2% higher than the same period a year earlier. The Chinese EV maker has also been expanding its battery swap partnerships as it seeks to get an edge on the infrastructure side of the EV ecosystem. Efforts like these are aimed at relieving consumers' anxiety about driving range. Get more from CNBC. Breaking news and updates on Telegram Other Chinese EV makers including Li Auto, Xpeng, and BYD also reported April deliveries on Wednesday, while Li Auto was the only c Show less Read more
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