Nio's October deliveries grew 30.5% Y/Y Nov. 01, 2024 5:41 AM ET By: Preeti Singh , SA News Editor [Seeking Alpha]
Li Auto Inc. - American Depositary Shares (LI)
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Source: Seeking Alpha
October deliveries increased by 30.5% year-over-year, but were down roughly 1% from 21,181 vehicles shipped in September 2024. The deliveries consisted of 16,657 vehicles from the company's premium smart electric vehicle brand NIO, and 4,319 vehicles from the company's family-oriented smart electric vehicle brand ONVO. Cumulative deliveries reached 619,851 as of October 31, 2024. The EV maker also said it ramped up production and delivery of its midsize, battery-powered crossover SUV, ONVO L60, last month. As of October 31, 2024, ONVO operated 166 ONVO Centers and ONVO Spaces across 60 cities. Rivals, Li Auto ( LI ) reported a 27.3% Y/Y growth in October vehicle deliveries, reaching 51,443 units, while XPeng ( XPEV ) achieved a new monthly record with 23,917 vehicles delivered in the month, up 20% Y/Y. U.S.-listed ADRs of Nio (Nio) were up premarket on Friday. Recommended For You Comments More Trending News Recommended For You More Trending News
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