NIO announces March vehicle deliveries of 10,378, down 15% M/M and up 4% Y/Y
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- NIO (NYSE:NIO) has delivered 10,378 vehicles in March 2023, consisting of 3,203 premium smart electric SUVs, and 7,175 premium smart electric sedans. March delivery is down 14.6% M/M and up 4% Y/Y.
- Q1 deliveries of 31,041 vehicles (+20.5% Y/Y) came in at the lower end of the guidance of 31,000 and 33,000 vehicles.
- Cumulative deliveries of NIO vehicles reached 320,597 as of March 31, 2023. The company had announced Q1 guidance of 31,000 and 33,000 vehicles in its Q4 result.
- As of March 31, 2023, NIO had deployed 1,339 Power Swap stations, 1,285 Power Charger stations with 6,467 chargers, and 1,154 destination charging stations with 7,993 chargers worldwide.
- Chinese electric vehicle makers, Li Auto (LI) and Xpeng (XPEV) announced increase in March deliveries.
- Source: Press Release