NIO Reports Record October Deliveries Amid Overvaluation Concerns
NIO's stock surged 4.6% on Monday after the Chinese EV Maker announced record October deliveries of 40,397 vehicles, marking its first breach of the 40,000-unit monthly threshold. The figure represents a 92.6% year-over-year increase and a 16% sequential gain from September.
Investors shrugged off a discounted cash FLOW analysis suggesting 17.2% overvaluation at the current $6.18 share price. The delivery growth was fueled by strong performance across NIO's lineup, including contributions from new sub-brands Onvo and Firefly targeting mid-range and compact segments.
Hong Kong-listed shares reached HK$57.1 during morning trading following the announcement. The delivery milestone underscores NIO's accelerating production capabilities despite persistent concerns about valuation metrics in the competitive EV sector.
