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Nio Inc. (NYSE:NIO) shares are trading higher Tuesday. The rally follows reports of strong delivery momentum and a bullish shift in investor sentiment.
ES8 Delivery Milestone Reached
According to a CNEVPost report on Tuesday, Nio will reach its 90,000th delivery of the third-generation ES8 this week. Yang Bo, Nio’s head of user operations, teased the milestone on Weibo. The company delivered its 80,000th unit on March 20. This data implies Nio delivered nearly 20,000 ES8 units in March alone.
Anticipation For March Results
The company will release official March delivery figures on Wednesday. In its March 10 earnings report, Nio …
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