"March EV Deliveries Surge: Nio and BYD Outpace Competition"
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.