NIO's Q3 Vehicle Deliveries Were 55,432, up by 75.4% YoY
Portfolio Pulse from Benzinga Newsdesk
NIO Inc. reported a significant increase in vehicle deliveries for Q3 2023, with a total of 55,432 vehicles delivered. This represents a 75.4% increase year-over-year and a 135.7% increase from Q2 2023. The deliveries included 37,585 premium smart electric SUVs and 17,847 premium smart electric sedans.
December 05, 2023 | 9:39 am
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NIO Inc. has reported a 75.4% YoY increase in Q3 2023 vehicle deliveries, totaling 55,432 vehicles, which is also a 135.7% increase from the previous quarter.
The substantial year-over-year and sequential quarterly increase in vehicle deliveries for NIO indicates robust demand for their products, which is likely to be viewed positively by investors. This strong performance in deliveries is a key metric for growth in the electric vehicle industry and can be expected to have a positive impact on NIO's stock price in the short term.
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