Why is Nio stock rising?

The Stock’s Rising. NIO stock was rising after the Chinese electric vehicle maker reported a narrower-than-expected second quarter loss Thursday. It posted a loss of 30 cents a share on sales of $2.4 billion. Wall Street was expecting a loss of 31 cent a share on sales of $2.4 billion, according to FactSet.

How much did Nio lose on sales?

It posted a loss of 30 cents a share on sales of $2.4 billion. Wall Street was expecting a loss of 31 cent a share on sales of $2.4 billion, according to FactSet. A year ago, NIO lost 45 cents a share from sales of $1.2 billion.

Who is Nio Inc?

About NIO Inc. NIO Inc. is a pioneer and a leading company in the global smart electric vehicle market. Founded in November 2014, NIO aspires to shape a sustainable and brighter future with the mission of “Blue Sky Coming”. NIO envisions itself as a user enterprise where innovative technology meets experience excellence.