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Chinese EV maker NIO Inc. (NYSE:NIO) just fired a major warning shot across the EV bow. Nio’s March deliveries exploded 136% year-over-year, a stark contrast to the broader EV slowdown and a clear message to Tesla Inc. (NASDAQ:TSLA) that its crown in key markets won’t go unchallenged.
- TSLA stock is moving. See the chart and price action here.
As NIO accelerates in China and Tesla extends its dominance in Europe and the U.S., the data increasingly points to an EV landscape where these two players are pulling away from the pack while battling each other.
NIO’s March Delivery Surge
NIO lit up the tape in March with a 136% year-over-year jump in vehicle deliveries, sharply improving sentiment around the name after a volatile stretch for Chinese growth stocks.
The company’s …
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