Other Chinese EV makers including Li Auto, Xpeng, and BYD also reported April deliveries on Wednesday. Li Auto was the only company out of the group to have reported lower sales.
Nio's ET5 stands on display at the Central China International Auto Show on May 25, 2023, in Wuhan, China.Hong Kong-listed shares of the company jumped as much as 23% to 44.20 Hong Kong dollars, touching their highest level in over six weeks. Nio shares also helped boost the broader "The deliveries consisted of 8,817 premium smart electric SUVs, and 6,803 premium smart electric sedans," the company said in a statement on Wednesday.
Nio has delivered 45,673 vehicles so far this year, 21.2% higher than the same period a year earlier.as it seeks to get an edge on the infrastructure side of the EV ecosystem. Efforts like these are aimed at relieving consumers' anxiety about driving range.also reported April deliveries on Wednesday, while Li Auto was the only company to have reported lower deliveries than the previous month.
its new EV is selling better than expected, and the company hopes to break even sooner than anticipated despite selling it cheaper than Tesla's Model 3.
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