Chinese electric vehicle (EV) maker Nio (NYSE: NIO) recently announced another strong month of vehicle deliveries. Last week's announcement has helped push Nio shares higher. At the same time, Nio announced China's Ministry of Industry and Information Technology (MIIT) has approved Nio's flagship executive sedan to be the first mass-produced vehicle in China to feature steer-by-wire technology.

NIO (NYSE:NIO) is one of the hottest EV car companies in the world and a top 10 largest in the world (3rd largest in China). NIO stock made its debut on the New York Stock Exchange on September 12th,

Nio shares gained 12.4% Monday. Shares of U.S.-listed Chinese traded higher following reports suggesting Chinese officials would embrace a "moderately loose" monetary policy.

Chinese luxury electric vehicle maker Nio stock reported deliveries of 15,493 vehicles for November, marking an increase of about 29% compared to last year, although the number was down by about 2% compared to October.

What is the outlook of the Nio stock price HK? We explain what to expect now that the shares could rebound in the near term