Nio Shares Surge on Record 20,544 May Deliveries
Originally Published 1 year ago — by CnEVPost
Nio delivered a record 20,544 vehicles in May, marking a 233.78% increase from the same month last year. The company has delivered 66,217 vehicles in the January-May period, up 50.99% year-on-year, with SUVs contributing 58.58% of total deliveries. Despite a fierce price war in China's auto market, Nio's strong performance was bolstered by adjustments to its BaaS battery rental service. The company also launched the Onvo sub-brand and began pre-sales of its first model, the L60, which will start deliveries in September.
