Day: January 7, 2021

NIO Stock Feels Expensive Toughness To Leap

(NYSE:NIO) – China’s premium producer of electrical vehicles – announced its results in Q3 2020 on Tuesday with a quarterly loss lower than anticipated, guided by record deliveries and improved margins. While sales rose from 22% to RMB 4.53 billion (approximately $667 million), gross margins increased by about 480 basis points, up to 12.9%, supported