Summary by Moomoo AI
ULAI SET A NEW RECORD FOR MONTHLY DELIVERIES IN MAY 2024, DELIVERING 20,544 VEHICLES, AN INCREASE OF 233.8% YEAR-ON-YEAR. From the beginning of 2024 to the present, 66,217 vehicles were delivered, an increase of 51.0% year-on-year. As of 31 May 2024, the cumulative delivery of Enlai vehicles was 515,811 vehicles. THIS MONTH, ULAI EXPANDED STRATEGIC COOPERATION WITH GUANGZHOU GROUP AND CHINA'S ONE CAR IN THE FIELD OF SWITCHING, HAVING PREVIOUSLY ESTABLISHED COOPERATION WITH CHANGAN AUTOMOBILE, JILI GROUP, ETC. ULAI GROUP WAS FOUNDED IN 2014 TO FOCUS ON THE HIGH-END SMART ELECTRIC VEHICLE MARKET AND LAUNCHED ITS SECOND SMART ELECTRIC CAR BRAND, TRACKS, IN MAY 2024. ULAI IS LISTED ON THE NEW YORK STOCK EXCHANGE AND THE HONG KONG EXCHANGE UNDER THE STOCK CODES NIO AND 9866, RESPECTIVELY.