Nio’s stock jumps more than 40% after quarterly loss narrows, deliveries surge
December 30, 2019 at 11:27 AM EST
Shares of Nio Inc. rocketed on heavy volume Monday, enough to pace all NYSE-listed gainers, after the China-based electric vehicle maker reported a third-quarter loss that narrowed more than expected, as revenue and vehicle deliveries surged, and provided an upbeat outlook for the current quarter.