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Nio Delivers Record 31,138 Cars in Dec, Including 10,528 for Onvo
Why? In December, automotive companies performed well, but most stock prices fell.
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NIO's December Deliveries Rise 73%
Announcement Highlights | The December Electric Vehicles sales report has been released! BYD sold 0.515 million vehicles in a month, and "Weixiaoli" reached new highs together; 13.138 billion Hong Kong dollars! Alibaba fully divested from SUNART RETAIL, a
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The Autos sales ranking for December has been released! BYD (01211) leads, and Li Auto-W (02015) hits a new high.
From the sales rankings in December, major automakers have shown good sales performance, with BYD (01211) leading the market with a monthly sales volume of 0.5148 million vehicles, and new force car brands such as Li Auto (02015), Xpeng (09868), and Leap Motor achieving record high monthly sales.
NIO-SW (09866.HK): Deliveries of 0.22197 million Autos for the full year of 2024, a year-on-year increase of 38.7%.
On January 1, Gelonghui reported that NIO-SW (09866.HK) announced that the company delivered 31,138 Autos in December 2024, setting a monthly record with a year-on-year growth of 72.9%. The deliveries included 20,610 high-end Asia Vets under the NIO brand and 10,528 family Asia Vets under the Ladao brand. In the fourth quarter of 2024, the company delivered 72,689 Autos, setting a quarterly record with a year-on-year growth of 45.2%. For the whole year of 2024, the company delivered 221,970 Autos, a year-on-year growth of 38.7%.
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Dragon Fish : Nio relying on Onvo and Firefly low prices EVs for grow not on mid to High end EVs for growth. Nio brand models will not grow much and the cheaper ranges that are what the customers are preferred affordable EVs that will propel Nio overall growth rate. The Nio Models deliveries have been stagnant for 8 months since May to Dec 2024. Onvo is the real star in Nio now. Subsequently Firefly will be another star too. Hopefully the high end ET9 can sell more in terms of values not quantity will make Nio revenue increase in the coming March onwards.
103027647 : nio need to venture to tariff free countries like UK, Malaysia Singapore etc .no point wasting money on European operation that heavy tariff