The Latest Breaking News from NIO

Chinese new energy vehicle maker BYD Co (OTC: BYDDY) said on Thursday that sales of its battery-powered vehicle more than doubled in May despite nearly a two-month COVID-19 lockdown in Shanghai which disrupted supply chains and hit production for many of its rivals. 

Nio, Inc.'s (NYSE: NIO) newest SUV, the ES7, could arrive on time despite the supply and logistics challenges in the wake of the COVID-19 disruptions.

Nio Inc - ADR (NYSE: NIO) shares are trading higher by 6.15% at $18.65. Strength is possibly due to hopes of a Shanghai reopening. The company Wednesday announced it delivered 7,024 vehicles in May 2022.

Nio Inc (NYSE: NIO) shot up over 8% higher at one point on Wednesday before falling to close the trading day mostly flat. On Thursday, the stock was rising slightly, showing strength compared to the general market, which saw the S&P 500 declining for the third straight day.

Shares of U.S.-listed Chinese companies were trading mostly lower in Hong Kong on Thursday morning, with tech stocks being a major drag.

NIO Inc (NYSE: NIO) shares are trading higher Wednesday after the company provided a delivery update for May. Nio said it delivered 7,024 vehicles in May bringing its total deliveries year-to-date to 37,866 vehicles, representing an increase of 11.8% year-over-year. 

NIO managed to slightly increase its electric car deliveries in May, although the company is still suffering from COVID-19 lockdowns in China.

U.S.-listed Chinese electric vehicle manufacturers Nio, Inc. (NYSE: NIO), XPeng, Inc. (NYSE: XPEV) and Li Auto, Inc.

Shares of U.S.-listed Chinese companies were trading mixed in Hong Kong on Wednesday morning, with tech stocks taking a hit.

The major indexes but didn't lose much ground after last week's big gains. Salesforce rose late on earnings. Beware buying extended stocks.

Byd joined China EV peers Nio, Xpeng and Li Auto in reporting strong May sales as Covid lockdowns eased. Nio stock and others rose Thursday.