Electric-vehicle maker Nio Inc. said its sales more than doubled in the latest quarter as the Chinese company vies for a share of the competitive EV market.
Nio’s vehicle sales increased 146% from a year earlier to 4.27 billion yuan, equivalent to $650 million, while overall revenue for the September-ended quarter rose to 4.53 billion yuan from 1.84 billion yuan. Analysts polled by FactSet were expecting 4.37 billion yuan in total revenue.
Nio’s…
This post first appeared on wsj.com
