Nio Reported Q1 Vehicle Deliveries Of 31,041 In Q1 2023, Up 20.5% Vs Year Ago; Down 22.5% Vs Q4 2022; Sees Q2 Deliveries Of 23,000 To 25,000 Vehicles
Portfolio Pulse from Charles Gross
Nio reported Q1 2023 vehicle deliveries of 31,041, a 20.5% increase YoY but a 22.5% decrease compared to Q4 2022. The company expects Q2 deliveries to be between 23,000 and 25,000 vehicles.
June 09, 2023 | 10:07 am
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NEUTRAL IMPACT
Nio's Q1 2023 vehicle deliveries increased 20.5% YoY but decreased 22.5% compared to Q4 2022. Q2 deliveries are expected to be between 23,000 and 25,000 vehicles.
Nio's Q1 2023 vehicle deliveries show a mixed performance with a YoY increase but a decrease compared to the previous quarter. The expected Q2 deliveries are lower than Q1, which may indicate a slowdown in growth. This could lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100