Nio Reported Q1 Vehicle Deliveries of 30,053 Vs 31,041 YoY
Portfolio Pulse from Benzinga Newsdesk
Nio reported Q1 2024 vehicle deliveries of 30,053, a 3.2% decrease YoY and a 39.9% decrease QoQ. The deliveries included 17,809 premium smart electric SUVs and 12,244 premium smart electric sedans.
June 06, 2024 | 10:15 am
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NEGATIVE IMPACT
Nio reported Q1 2024 vehicle deliveries of 30,053, a 3.2% decrease YoY and a 39.9% decrease QoQ. This decline may negatively impact investor sentiment and short-term stock price.
The reported decrease in vehicle deliveries both year-over-year and quarter-over-quarter is likely to be viewed negatively by investors, potentially leading to a short-term decline in Nio's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100