NIO, other China-based EV maker stocks surge after July deliveries jump

The U.S.-listed shares of NIO Inc. rallied 4.2% in premarket trading Monday, after the China-based electric vehicle maker reported deliveries rose in July from a year ago to mark a third-straight monthly increase. The company said July deliveries increased 26.7% to 10,052 vehicles. That comes after a 60.3% increase in July and a 4.7% rise in May, which followed a 28.6% drop in April due to COVID-related shutdowns. In July, NIO said its deliveries included 7,579 premium sport-utility vehicles (SU

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