Stocks of Nio and other China-based EV makers extended their recent sharp gains Tuesday, after they reported record deliveries data.

A subsidiary of Chinese electric vehicle (EV) assembler Nio has received 3.3 billion yuan (US$471 million) in fresh capital from a consortium of investors backed by the government of Hefei in eastern China's Anhui province,

Nio may provide more information on the Onvo brand when it reports its September vehicle delivery results tomorrow morning. Nio has delivered more than 20,000 EVs for four straight months, and investors likely expect that streak to be extended.

Nio’s U.S.-listed stock shot up toward another double-digit gain on Monday, after a disclosure of a new big investment and a continued surge in China’s stock market fueled the rally.

A series of new developments may have finally ended Nio stock's long 2024 decline and set the stage for a major upturn.

Chinese electric vehicle maker NIO is getting new investment and its shares surged Monday. EV shares have had a bumpy year as demand cooled for the vehicles and China’s economy struggled to recover from a prolonged property slump.

Nio (NYSE: NIO), a major manufacturer of electric vehicles (EVs) in China, went public just over six years ago at $6.26 per American depositary receipt (ADR). It initially impressed investors with its soaring deliveries,

Nio (NYSE:NIO) investors have faced plenty of challenges in recent years, but recently, the tide has shifted. In the past month alone, the stock

NIO's growth is driven by increasing vehicle deliveries, battery-as-a-service plans, and international expansion. Read why NIO stock is a Buy.