Summary by Moomoo AI
NIO Inc., a leader in the global smart electric vehicle market, has reported a significant increase in vehicle deliveries for October 2024. The company delivered 20,976 vehicles during the month, marking a 30.5% rise compared to the same period last year. Year-to-date deliveries for 2024 have also seen a substantial increase of 35.1%, with a total of 170,257 vehicles delivered. As of October 31, 2024, NIO's cumulative deliveries have reached 619,851. The delivery figures include vehicles from both the premium NIO brand and the family-oriented ONVO brand, with the latter's ONVO L60 model experiencing a steady production and delivery ramp-up. NIO's expansion efforts are evident in its 166 ONVO Centers and Spaces across 60 cities, alongside 584 NIO Power Swap Stations in China. The company aims to continue expanding its sales, service, and power networks to support its growing user base and foster long-term growth.
