Skip to content
Grazia British
Nio delivers 20,575 vehicles in November; marks 10th anniversary

Nio delivers 20,575 vehicles in November; marks 10th anniversary

By Swedan Margen

Fashion

15,493 vehicles are from Chinese EV maker’s flagship premium EV line, while 5,082 are from its family-oriented Onvo brand

Chinese electric vehicle (EV) maker Nio delivered 20,575 vehicles in November, a 28.9 per cent increase from the same month last year.

The latest figure was slightly lower than the 20,976 vehicles delivered in October.

Of the total, 15,493 vehicles were from Nio’s flagship premium EV line, while 5,082 came from its family-oriented Onvo brand.

As at Nov 30, 2024, cumulative deliveries stood at 640,426, the company said in a business update on Sunday (Dec 1), adding that it recently celebrated its 10th anniversary on Nov 25.

“With its fullstack, in-house developed technological capabilities, extensive nationwide power network, and unique user community, Nio has laid a solid foundation for future growth,” the company said.

Shares of Nio rose 0.5 per cent, or US$0.02, to close at US$4.46 last Friday (Nov 29), ahead of the announcement.

Copyright SPH Media. All rights reserved.

Originally published by businesstimes.com.sg. Syndicated material does not necessarily reflect the views of Grazia British.

More Fashion