Nio’s Deliveries Doubled In June. Why Is The Stock Still Lagging?

Chinese luxury electric vehicle maker Nio stock (NYSE:NIO), has declined by about 47% year-to-date. This compares to rival Xpeng stock (NYSE:XPEV) which is down by 29% over the same period. Nio posted a record set of monthly deliveries in June, shipping a total of 21,209 vehicles