NIO's April EV Deliveries More Than Double; Stock Soars Over 20%

May 1, 2024, 07:54 PM

In April 2024, NIO Inc. experienced a significant surge in its electric vehicle (EV) deliveries, reporting a total of 15,620 vehicles delivered, marking a 134.6% increase compared to the previous year. This growth contributed to a year-to-date delivery total of 45,673 vehicles, up 21.2% from the same period last year. Cumulative deliveries of NIO vehicles reached 495,267 as of April 30, 2024. The substantial increase in deliveries coincided with the launch of NIO's new ET7 sedan. Following these announcements, NIO's stock price soared by more than 20%.