NIO's Q4 Vehicle Deliveries were 50,045, up by 25.0% YoY
Portfolio Pulse from Benzinga Newsdesk
NIO Inc. reported a 25.0% year-over-year increase in Q4 vehicle deliveries, totaling 50,045 units, despite a 9.7% decrease from the previous quarter. The deliveries included 33,679 premium smart electric SUVs and 16,366 sedans.
March 05, 2024 | 10:04 am
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NIO Inc. announced a 25.0% YoY increase in Q4 vehicle deliveries, reaching 50,045 units, with a mix of 33,679 SUVs and 16,366 sedans.
The reported year-over-year growth in vehicle deliveries indicates a strong demand for NIO's premium smart electric vehicles, which is likely to be viewed positively by investors. However, the quarter-over-quarter decrease might raise concerns about growth sustainability.
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