Summary by Moomoo AI
ULAI GROUP SHOWED STEADY GROWTH IN VEHICLE DELIVERIES IN MARCH AND THE FIRST QUARTER OF 2024. In March 2024, Ullai delivered 11,866 vehicles, an increase of 14.3% over the same period last year, including 6,737 SUVs and 5,129 sedans. Total first quarter deliveries reached 30,053 vehicles, bringing cumulative deliveries as of March 31 to 479,647 vehicles. ULAI BEGAN DELIVERY OF THE ES8, ES6, EC7, EC6 AND ET5T IN MARCH 2024 AND PLANS TO START DELIVERING THE NEW ES7 IN THE SECOND QUARTER. ULAI HAS BEEN COMMITTED TO THE HIGH-END SMART ELECTRIC VEHICLE MARKET SINCE ITS FOUNDING IN 2014 AND ENHANCING PRODUCT COMPETITIVENESS THROUGH TECHNOLOGICAL INNOVATIONS SUCH AS POWER SWITCHING TECHNOLOGY AND BATTERY RENTAL SERVICES. The company's shares are listed on the New York Stock Exchange, the Hong Kong Stock Exchange and the Singapore Exchange under the ticker symbol NIO.
