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NIO Shares Surge On Quarterly Record EVs Delivery

Shares of NIO Inc. (NIO) are surging over 8% Friday morning, after the company reported delivery of 25,768 vehicles in the first quarter 2022, a new quarterly record, representing an increase of 28.5% year-over-year.

The stock, which has been trading in the range of $13.01 - $55.13 for the past one year, is currently trading at $22.80, up $1.75 or 8.31%.

NIO delivered 9,985 vehicles in March 2022, representing an increase of 37.6% year-over-year. The deliveries consisted of 9,822 premium smart electric SUVs, including 1,726 ES8s, 5,064 ES6s and 3,032 EC6s, and 163 ET7s, the company's flagship premium smart electric sedan. The deliveries of ET7 to users commenced from March 28, 2022. As of March 31, 2022, cumulative deliveries reached 192,838 vehicles.

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