NIO Stock Pops as January Deliveries Surge 18%

Nio (NYSE:NIO), the Chinese electric vehicle (EV) company that has become a barometer for EVs and China’s economy in general, is rising again. Recent concerns about China’s economy have caused NIO stock to suffer, but delivery news is boosting the stock this morning.Shares rose 3% overnight after the company reported delivering 10,055 vehicles in January, up 18% from a year ago. That topped XPeng’s (NASDAQ:XPEV) 8,250 but trailed hybrid maker Li Auto’s (NASDAQ:LI) 31,165.The market leaders remain BYD (OTCMK ...