LI - NIO's September deliveries up 43.8% Y/Y down 19% M/M
2023-10-01 06:31:44 ET
NIO ( NYSE: NIO ) delivered 15,641 vehicles in September 2023, increasing by 43.8% Y/Y and down 19% M/M.
The deliveries consisted of 11,504 premium smart electric SUVs and 4,137 premium smart electric sedans.
The company delivered 55,432 vehicles in Q3, representing an increase of 75.4% Y/Y, slightly above the lower end of its previously provided guidance range of 55,000 to 57,000 vehicles.
Nio has delivered 43,854 vehicles so far this year, an increase of 15.8% Y/Y.
Cumulative deliveries of NIO vehicles reached 399,549 as of September 30, 2023.
Following the mixed trend of monthly deliveries:
Peers, Li Auto ( LI ) deliveries surged 212.7% Y/Y , and XPeng ( XPEV ) deliveries rose 81% Y/Y for the month of September.
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NIO's September deliveries up 43.8% Y/Y, down 19% M/M