Replies to post #18623 on Nio Inc (NIO)

[Zanfear]

From last month but a very big event no doubt.

Nio Surges 7% On Rumors Of Europe Expansion
[e-mail] (Ben Mahaney)
November 4, 2020, 2:13 am
Shares in Nio (NIO) surged 6.5% in Tuesday’s trading, hitting a new all-time high of $35.87 and closing at $35.50.

Sparking the surge higher were unconfirmed media reports that China’s electric vehicle company is now looking to expand into Europe.

According to these reports, the company intends to launch its ES8 and ES6 models in Europe next year with its first NIO House store set for Copenhagen, Denmark. That marks a change from previous reports which had highlighted Norway as the company’s first targeted destination outside China.


In a project dubbed ‘Marco Polo’ Nio is said to be aiming for sales of 7,000 electric vehicles in its first two years- and apparently already has an overseas unit set up with sales ready to start in the second half of 2021.

Earlier this week Nio revealed that it delivered 5,055 vehicles in October 2020, a new monthly record representing impressive 100.1% year-over-year growth.

As of October 31, 2020, cumulative deliveries of the ES8, ES6 and EC6 reached 63,343 vehicles. (See NIO