NIO Delivered 11,866 Vehicles in March 2024, up 14.3% YoY, It Delivered 30,053 Vehicles in Q1
Portfolio Pulse from Benzinga Newsdesk
NIO Inc. reported a 14.3% year-over-year increase in vehicle deliveries for March 2024, totaling 11,866 vehicles. This contributed to a first quarter total of 30,053 vehicles delivered in 2024. The company also announced the start of deliveries for its 2024 models including the ES8, ES6, EC7, EC6, and ET5T, with plans to begin delivering the ES7, ET7, and ET5 in Q2 2024. Cumulative deliveries reached 479,647 by the end of March 2024.
April 01, 2024 | 9:35 am
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NIO Inc. reported a significant year-over-year increase in vehicle deliveries for March 2024 and the first quarter, alongside the launch of new 2024 models.
The reported increase in vehicle deliveries and the launch of new models indicate strong demand and product competitiveness, likely leading to positive investor sentiment and potential stock price increase in the short term.
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