Advertisement

NIO Beats Its Own Guidance After Sales Surged in June

NIO Beats Its Own Guidance After Sales Surged in June

NIO said in May that investors should expect its deliveries to "more than double" in the second quarter from the year-ago period; they nearly tripled. CEO William Bin Li credited the strong quarter to the company's loyal owners and its employees. NIO's new chief financial officer, Steven Feng, said that the strong second-quarter deliveries result gave him confidence that the company is on track to meet its financial targets.