$NIO Inc.(NIO)$ Nio's impressive growth
Nio has grown significantly in the seven years since its founding in November 2014. The company, which launched its first production model in 2018, has delivered 156,581 vehicles so far through November. Of these, 80,940 vehicles were delivered in 2021 (as of the end of November). Nio's year-to-date deliveries through Nov. 30 rose 120.4% year over year. Despite its competition, the impressive growth points toward a robust demand for Nio's cars.