Summary by Moomoo AI
NIO Inc., a leader in the premium smart electric vehicle market, has reported a significant increase in vehicle deliveries for June and the second quarter of 2024. In June, the company delivered 21,209 vehicles, marking a 98.1% increase compared to the same month last year. The second quarter saw 57,373 vehicles delivered, a 143.9% year-over-year rise. These figures bring the cumulative deliveries of NIO vehicles to 537,020 as of June 30, 2024. The company's delivery update was part of a press release that also mentioned the publication of NIO's 2023 Environmental, Social, and Governance (ESG) report on June 25, 2024. The ESG report outlines NIO's sustainable development efforts and its commitment to corporate responsibility. NIO continues to innovate with technologies such as battery swapping and its Battery as a Service (BaaS) model, as well as its NIO Assisted and Intelligent Driving and subscription services. The company also introduced ONVO, its second smart electric vehicle brand, in May 2024, aimed at enhancing family life.