What's Happening With Nio Stock? [Forbes]
Li Auto Inc. - American Depositary Shares (LI)
Company Research
Source: Forbes
CFOTO/Future Publishing via Getty Images Chinese luxury electric vehicle maker Nio stock reported deliveries of 15,493 vehicles for November, marking an increase of about 29% compared to last year, although the number was down by about 2% compared to October. Deliveries for the first 11 months came in at 190,832 vehicles, up 34% versus last year. Nio's delivery performance lagged behind rival Xpeng which sold 30,895 vehicles, up a 54% year-over-year increase and 29% growth from the previous month, although its growth was ahead of Li Auto , which saw deliveries expand 19% year over year. So what has been driving growth for Nio? Growth for Nio was driven largely by its value-priced Onvo brand, which sold a total of 5,082 vehicles for the month, up 17.7% compared to October. The brand's first vehicle, the Onvo L60, was launched in September and is priced between RMB 200,000 ($28,000) and RMB 300,000 ($42,000). Sales are expected to scale up further as production ramps up. Nio is als
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LI
Sec Filings
- 3/6/25 - Form 6-K
- 3/3/25 - Form 6-K
- 2/27/25 - Form 6-K
- LI's page on the SEC website