NIO stock extends bounce after April deliveries jump more than 30%

Shares of NIO Inc. rose Monday after the China-based electric vehicle maker reported a jump of more than 30% in deliveries in April.

Among its China-based rivals, the shares of Li Auto Inc. and XPeng Inc. also rallied after the companies reported April deliveries.

NIO said it delivered 6,658 vehicles in April, down from 10,378 EVs in March,…