"March EV Deliveries Surge: Nio and BYD Outpace Competition"
TL;DR Summary
Nio delivered 11,866 vehicles in March, meeting its lowered guidance for the first quarter with a total of 30,053 deliveries. The company also announced a subsidy for gasoline vehicle trade-ins and unveiled updated models, including the ET9 set for release in 2025. Nio's cumulative deliveries now stand at 479,647 vehicles, and it plans to begin deliveries of the 2024 ES7, ET7, and ET5 in the second quarter of 2024.
Topics:business#business-automotive#chinese-market#electric-vehicles#nio#trade-in-initiative#vehicle-deliveries
- Nio delivers 11866 cars in Mar, up 46% from Feb CnEVPost
- NIO: Now A Steal Below $5 (Upgrade) (NYSE:NIO) Seeking Alpha
- Nio, BYD see big jumps in March EV deliveries as Tesla's numbers loom MarketWatch
- NIO Stock Could Be a Shot-Term Play but Don't Bet on the Long-Term, Says Investor - TipRanks.com TipRanks
- BYD's First-Quarter EV Deliveries Rose Despite Intensifying Competition The Wall Street Journal
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