NIO Inc., a Chinese smart electric vehicle (EV) manufacturer, showed strong growth in its unaudited financial results for the third quarter ended Sept. 30.
NIO shares surged as much as 12% on October 8 after the Chinese electric vehicle maker delivered 4,799 vehicles in the third quarter, up 35.1% from the second quarter, exceeding expectations by a large margin.
NIO rescheduled its conference call for the second quarter (Q2) of 2019 on September 25, clarifying that the company only lost 22 billion yuan ($3.1 billion) instead of the rumored $5 billion.
NIO, one of few Chinese publicly traded EV companies, unexpectedly canceled their second-quarter earnings conference call scheduled to be held on September 24.
Shanghai-based electric vehicle manufacturer NIO today issued a mass recall of its ES8 models through an announcement made on its official Weibo account.
2019 Shanghai Auto Show kicked off today with various carmakers showcasing their latest technology, concept cars and new vehicles ready for launch.