STOCK TITAN

NIO Inc. Provides October 2024 Delivery Update

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags

NIO delivered 20,976 vehicles in October 2024, marking a 30.5% year-over-year increase. The deliveries included 16,657 vehicles from NIO's premium smart electric vehicle brand and 4,319 vehicles from its family-oriented ONVO brand. Year-to-date deliveries reached 170,257 vehicles, up 35.1% year-over-year, with cumulative deliveries totaling 619,851 as of October 31, 2024. ONVO's network expansion includes 166 Centers and Spaces across 60 cities, with access to 584 NIO Power Swap Stations in China. The ONVO L60 production and delivery are steadily increasing.

NIO ha consegnato 20.976 veicoli in ottobre 2024, registrando un incremento del 30,5% rispetto all’anno precedente. Le consegne comprendevano 16.657 veicoli del marchio premium di veicoli elettrici intelligenti di NIO e 4.319 veicoli del marchio orientato alla famiglia ONVO. Le consegne dall'inizio dell’anno hanno raggiunto 170.257 veicoli, con un aumento del 35,1% su base annua, portando il totale cumulativo a 619.851 al 31 ottobre 2024. L'espansione della rete di ONVO include 166 Centri e Spazi in 60 città, con accesso a 584 Stazioni di Scambio NIO in Cina. La produzione e le consegne dell'ONVO L60 stanno aumentando costantemente.

NIO entregó 20.976 vehículos en octubre de 2024, lo que marca un incremento del 30,5% en comparación con el año anterior. Las entregas incluyeron 16.657 vehículos de la marca premium de vehículos eléctricos inteligentes de NIO y 4.319 vehículos de la marca familiar ONVO. Las entregas hasta la fecha alcanzaron 170.257 vehículos, con un aumento del 35,1% interanual, sumando un total acumulado de 619.851 hasta el 31 de octubre de 2024. La expansión de la red de ONVO incluye 166 centros y espacios en 60 ciudades, con acceso a 584 estaciones de intercambio de energía NIO en China. La producción y entrega del ONVO L60 están aumentando de manera constante.

NIO는 2024년 10월에 20,976대의 차량을 인도하며 전년 대비 30.5% 증가를 기록했습니다. 인도된 차량에는 NIO의 프리미엄 스마트 전기차 브랜드에서 16,657대와 가족 지향 브랜드 ONVO에서 4,319대가 포함되었습니다. 연초부터의 누적 인도 대수는 170,257대로, 전년 대비 35.1% 증가했으며, 2024년 10월 31일 기준 총 누적 인도 대수는 619,851대에 달합니다. ONVO의 네트워크 확장에는 60개 도시의 166개 센터와 스페이스가 포함되며, 중국 내 584개의 NIO 파워 스왑 스테이션에 접근할 수 있습니다. ONVO L60의 생산과 인도량은 꾸준히 증가하고 있습니다.

NIO a livré 20.976 véhicules en octobre 2024, marquant une augmentation de 30,5% par rapport à l'année précédente. Les livraisons comprenaient 16.657 véhicules de la marque de véhicules électriques intelligents premium de NIO et 4.319 véhicules de sa marque familiale ONVO. Les livraisons depuis le début de l'année ont atteint 170.257 véhicules, soit une augmentation de 35,1% par rapport à l'année précédente, avec un total cumulé de 619.851 véhicules au 31 octobre 2024. L'expansion du réseau ONVO comprend 166 Centres et Espaces dans 60 villes, avec accès à 584 Stations de Swap NIO en Chine. La production et la livraison de l'ONVO L60 augmentent régulièrement.

NIO hat im Oktober 2024 insgesamt 20.976 Fahrzeuge ausgeliefert, was einen Anstieg von 30,5% im Vergleich zum Vorjahr bedeutet. Die Auslieferungen umfassten 16.657 Fahrzeuge der Premium-Marke für intelligente Elektrofahrzeuge von NIO und 4.319 Fahrzeuge der familienorientierten Marke ONVO. Die Lieferungen seit Jahresbeginn erreichten 170.257 Fahrzeuge, ein Anstieg von 35,1% im Jahresvergleich, mit insgesamt 619.851 ausgelieferten Fahrzeugen zum 31. Oktober 2024. Das Netzwerk von ONVO beinhaltet 166 Zentren und Räume in 60 Städten, mit Zugang zu 584 NIO Power Swap Stationen in China. Die Produktion und Auslieferung des ONVO L60 nimmt stetig zu.

Positive
  • 30.5% year-over-year increase in monthly deliveries
  • 35.1% year-over-year growth in year-to-date deliveries
  • Successful ramp-up of ONVO L60 production and delivery
  • Expanding infrastructure with 166 ONVO Centers and 584 Power Swap Stations
Negative
  • None.

Insights

NIO's October delivery data reveals significant growth momentum with 30.5% YoY increase to 20,976 vehicles. The company's dual-brand strategy is showing early success, with the premium NIO brand delivering 16,657 units and the new ONVO brand contributing 4,319 vehicles. The ONVO L60's production ramp-up and rapid expansion of sales network across 60 cities demonstrate strong execution of NIO's mass-market strategy.

The growing infrastructure network, including 584 Power Swap Stations, strengthens NIO's competitive advantage in China's EV market. Year-to-date deliveries of 170,257 vehicles, up 35.1% YoY, indicate robust demand despite macro headwinds. However, investors should monitor the sustainability of growth rates and margin implications of the mass-market expansion through ONVO.

  • 20,976 vehicles were delivered in October 2024, increasing by 30.5% year-over-year
  • 170,257 vehicles were delivered year-to-date in 2024, increasing by 35.1% year-over-year
  • Cumulative deliveries reached 619,851 as of October 31, 2024

SHANGHAI, Nov. 01, 2024 (GLOBE NEWSWIRE) -- NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), a pioneer and a leading company in the global smart electric vehicle market, today announced its October 2024 delivery results.

The Company delivered 20,976 vehicles in October 2024, representing an increase of 30.5% year-over-year. The deliveries consisted of 16,657 vehicles from the Company’s premium smart electric vehicle brand NIO, and 4,319 vehicles from the Company’s family-oriented smart electric vehicle brand ONVO. Cumulative deliveries reached 619,851 as of October 31, 2024.

In October 2024, the production and delivery of the ONVO L60 have been steadily ramping up. As of October 31, 2024, ONVO operated 166 ONVO Centers and ONVO Spaces across 60 cities, while also providing users with seamless access to 584 NIO Power Swap Stations in China. ONVO will continue to expand its sales, service and power networks to serve a growing user base and drive long-term growth.

About NIO Inc.
NIO Inc. is a pioneer and a leading company in the global smart electric vehicle market. Founded in November 2014, NIO aspires to shape a sustainable and brighter future with the mission of “Blue Sky Coming”. NIO envisions itself as a user enterprise where innovative technology meets experience excellence. NIO designs, develops, manufactures and sells smart electric vehicles, driving innovations in next-generation core technologies. NIO distinguishes itself through continuous technological breakthroughs and innovations, exceptional products and services, and a community for shared growth. NIO provides premium smart electric vehicles under the NIO brand, and family-oriented smart electric vehicles through the ONVO brand.

Safe Harbor Statement
This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to” and similar statements. NIO may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in announcements, circulars or other publications made on the websites of each of The Stock Exchange of Hong Kong Limited (the “SEHK”) and the Singapore Exchange Securities Trading Limited (the “SGX-ST”), in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about NIO’s beliefs, plans and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: NIO’s strategies; NIO’s future business development, financial condition and results of operations; NIO’s ability to develop and manufacture vehicles of sufficient quality and appeal to customers on schedule and on a large scale; its ability to ensure and expand manufacturing capacities including establishing and maintaining partnerships with third parties; its ability to provide convenient and comprehensive power solutions to its customers; the viability, growth potential and prospects of the battery swapping, BaaS, and NIO Assisted and Intelligent Driving and its subscription services; its ability to improve the technologies or develop alternative technologies in meeting evolving market demand and industry development; NIO’s ability to satisfy the mandated safety standards relating to motor vehicles; its ability to secure supply of raw materials or other components used in its vehicles; its ability to secure sufficient reservations and sales of its vehicles; its ability to control costs associated with its operations; its ability to build its current and future brands; general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in NIO’s filings with the SEC and the announcements and filings on the websites of each of the SEHK and SGX-ST. All information provided in this press release is as of the date of this press release, and NIO does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For more information, please visit: http://ir.nio.com

Investor Relations
ir@nio.com

Media Relations
global.press@nio.com


FAQ

How many vehicles did NIO deliver in October 2024?

NIO delivered 20,976 vehicles in October 2024, consisting of 16,657 NIO brand vehicles and 4,319 ONVO brand vehicles.

What is NIO's year-to-date delivery growth rate in 2024?

NIO's year-to-date deliveries increased by 35.1% year-over-year, reaching 170,257 vehicles in 2024.

How many ONVO Centers and Power Swap Stations does NIO operate in China?

As of October 31, 2024, ONVO operates 166 Centers and Spaces across 60 cities, with access to 584 NIO Power Swap Stations in China.

What is NIO's total cumulative vehicle delivery count as of October 2024?

NIO's cumulative deliveries reached 619,851 vehicles as of October 31, 2024.

NIO Inc. American depositary shares, each representing one

NYSE:NIO

NIO Rankings

NIO Latest News

NIO Stock Data

10.15B
2.04B
2.49%
9.96%
8.94%
Auto Manufacturers
Consumer Cyclical
Link
United States of America
Shanghai