Nio Inc, a leading electric vehicle manufacturer, recently announced its first-quarter delivery figures, with a total of 42,094 vehicles delivered within the guidance range of 41,000 to 43,000 vehicles. This achievement reflects the company’s strong performance in the EV market.
The company had previously provided guidance for first-quarter revenue to be between RMB 12.37 billion and RMB 12.86 billion, showcasing a healthy growth trajectory. Nio’s management is set to release unaudited financial results for the first quarter of 2025 on June 3, before the US stock market opens. An earnings conference call will follow later that day.
In comparison to the same period last year, Nio’s first-quarter deliveries increased by an impressive 40.07 percent, demonstrating sustained growth in its vehicle sales. However, there was a slight decline of 42.09 percent from the fourth quarter of 2024, indicating fluctuations in quarterly performance.
The company’s main brand delivered 27,313 vehicles in the first quarter, while its sub-brand, Onvo, delivered 14,781 vehicles. Despite a decrease in deliveries compared to the previous quarter, Nio remains a key player in the EV market with a strong customer base.
Nio’s April deliveries totaled 23,900 vehicles, bringing the total deliveries for January-April to 65,994 vehicles, representing a significant year-on-year growth of 44.49 percent. The company’s recent launch of the updated ES6 and EC6 SUV models with enhanced features and the introduction of updated versions of ET5 and ET5 Touring further solidify its position in the market.
The updated ES6 and EC6 models feature a range of upgrades and are equipped with Nio’s in-house developed Shenji smart driving chip, enhancing the overall driving experience for customers. With a focus on innovation and customer satisfaction, Nio continues to push boundaries in the EV industry.
Overall, Nio’s consistent growth in deliveries and revenue, coupled with its commitment to technological advancements, position the company as a frontrunner in the electric vehicle market. Stay tuned for Nio’s upcoming financial results announcement and further developments in the EV sector.
