XPEV - NIO delivered 6658 vehicles in April up 31% Y/Y

2023-05-01 05:44:31 ET

• NIO ( NYSE: NIO ) delivered 6,658 vehicles in April 2023, +31.2% Y/Y.
• April deliveries consisted of 1,713 premium smart electric SUVs, and 4,945 premium smart electric sedans.
• Cumulative deliveries of NIO vehicles reached 327,255 as of April 30, 2023.
• The company started to ramp up the production and delivery of the EC7 in April, a five-seater smart electric flagship coupe SUV from NT2.0.
• The company introduced the All-New ES6, a smart electric all-round SUV, at the Shanghai Auto Show on April 18.
• NIO expects to officially launch the All-New ES6 and commence deliveries in May 2023.
• The All-New ES8, a smart electric flagship SUV based on NT2.0 that was launched at NIO Day 2022, is expected to commence deliveries in June 2023.
• The company also launched the 2023 ET7, a smart electric flagship sedan based on NT2.0. Deliveries of the 2023 ET7 will start in May 2023.
• Peer, Li Auto ( LI ) delivered 25,681 vehicles in April, up 516.3%Y/Y and 25% M/M; XPeng ( XPEV ) delivered 7,079 Smart EVs in April, -27.5% Y/Y.
• Learn why, NIO is is at high risk of performing badly .

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