Hot stock: Nio climbs about 19.8% on stronger vehicle delivery performance

SHARES of Nio surged on Thursday (May 2) morning, after the electric vehicle maker posted a 134.6 per cent year-on-year spike in vehicle deliveries for the month of April. 

As at 10.59 am, the Chinese automaker rose 19.8 per cent or US$0.93 to US$5.63 after 207.3 million of its shares were transacted. The last time the counter traded at this level was in mid-March. 

In a business update on Wednesday, the company said it recorded the delivery of 15,620 vehicles in April.

This consisted of 8,817 premium smart electric sport utility vehicles, and 6,803 premium smart electric sedans. Cumulative deliveries of Nio vehicles reached 495,267 as at Apr 30.