Tesla-rival Nio posts higher third-quarter deliveries, shares rise

[December 30, 2019]  (Reuters) - Tesla-rival Nio Inc on Monday reported more deliveries in its third quarter than in second, sending its U.S.-listed shares up more than 12% in trading before the bell.

The electric-vehicle maker delivered 4,799 vehicles in the quarter ended Sept. 30 compared with 3,553 deliveries in the second quarter of 2019.

Total revenue rose nearly 25% to 1.84 billion yuan ($263.38 million) in the third quarter from 1.47 billion yuan a year earlier.

(Reporting by Ambhini Aishwarya in Bengaluru; Editing by Shinjini Ganguli)

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