Nio Inc, the Chinese electric vehicle manufacturer, has reported a record-breaking delivery of 72,689 vehicles in the fourth quarter of 2024. This figure falls within the company’s guidance range of 72,000 to 75,000 vehicles. Nio had previously projected fourth-quarter revenue to be between RMB 19.68 billion ($2.7 billion) and RMB 20.38 billion.
The company is set to release its unaudited financial results for the fourth quarter and full year of 2024 on Friday, March 21, before the US markets open. An earnings call will follow at 8:00 am US Eastern time, or 8:00 pm Beijing time on the same day.
In the fourth quarter, Nio’s deliveries saw a significant increase of 45.25 percent compared to the same period in 2023, and a 17.52 percent rise from the third quarter of 2024. The Nio main brand delivered 52,760 vehicles, while the Onvo sub-brand contributed 19,929 vehicles. Onvo recently introduced its first model, the L60, and is gearing up to unveil its second model, the L90, in the coming months.
For the full year 2024, Nio delivered a total of 221,970 vehicles, marking a 38.70 percent increase from the previous year. The company’s strong performance is reflected in its revenue growth and expanding product lineup.
Investors and stakeholders can participate in Nio’s earnings call by registering in advance using the provided link and dialing in 10 minutes before the call begins. Additionally, a replay of the conference call will be available until March 28 for those who may have missed the live session.
Nio’s commitment to innovation and growth is evident in its record-breaking deliveries and upcoming product launches. The company’s focus on cost control and organizational changes further demonstrate its dedication to long-term success in the competitive electric vehicle market. Stay tuned for more updates on Nio’s financial performance and strategic initiatives on CnEVPost.
