NIO’s July deliveries slip over 3% M/M
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- NIO (NYSE:NIO) delivered 20,498 vehicles in July 2024, bringing its year-to-date deliveries to 107,924 units, +43.9% year-over-year.
- This marks the third consecutive month that the Chinese EV maker has crossed the 20,000-unit delivery mark, after shipping 20,544 vehicles in May and 21,209 vehicles in June.
- July deliveries consisted of 11,964 premium smart electric SUVs, and 8,534 premium smart electric sedans. Deliveries marginally grew 0.18% year-on-year, but fell 3.35% from 21,209 units shipped in June 2024.
- Cumulative deliveries of NIO vehicles reached 557,518 as of July 31, 2024.
- U.S.-listed shares of NIO were up marginally premarket on Thursday.