Nio and Li Auto Report Record Deliveries: Nio 21,209, Li Auto 47,774 in June 2024

Jul 1, 2024, 10:10 AM

Chinese electric vehicle manufacturers Nio and Li Auto have reported significant growth in their vehicle deliveries for June 2024 and the second quarter of 2024. Nio delivered 21,209 vehicles in June, marking a 98% year-on-year increase and setting a new monthly record. For the second quarter, Nio's deliveries reached 57,373 vehicles, exceeding its guidance range of 54,000 to 56,000 units and representing a 143.9% year-on-year growth. In the first half of 2024, Nio delivered a total of 87,426 vehicles, up 60.2% year-on-year. Cumulative deliveries for Nio reached 537,020 vehicles as of end-June. Li Auto delivered 47,774 vehicles in June, a 46.7% increase year-on-year and a 36.4% increase month-on-month, nearing its record high. For the second quarter, Li Auto's deliveries totaled 108,581 vehicles, reflecting a 25.5% year-on-year growth. CEO Xiang Li highlighted the success of the new Li L6 model and improved store efficiency as key factors in reclaiming the top spot in China's NEV market.