NIO (NYSE: NIO) Q2 2020 Earnings – Shares Surge on a Massive Beat
NIO (NYSE:NIO), one of the largest EV manufacturers in China, has seen its stock price soar dramatically over the recent months amid general euphoria that has gripped the entire EV space. As an illustration, NIO shares have registered gains of over 215 percent since the 1st of June. Today, the company has come under a fresh spotlight as it reports its earnings for the second quarter of 2020.
For the three months that ended on the 30th of June 2020, NIO earned a revenue of $526.4 million.