NIO Inc. (NYSE: NIO) stock soared about 12% in intraday trading Wednesday after the company reported a remarkable growth in April deliveries.
In a press release, NIO revealed that it achieved an outstanding 134.6% year-over-year increase in April deliveries, totaling 15,620 vehicles. This impressive figure comprised 8,817 high-end smart electric-powered SUVs and 6,803 premium EV sedans. So far in 2024, NIO has delivered 45,673 vehicles, marking a robust year-over-year increase of more than 21%. The company’s cumulative deliveries as of April 30 reached a notable milestone, amounting to 495,267 vehicles.
This development comes a week after the EV maker launched its 2024 ET7, a premium smart electric executive sedan. The ET7, boasting substantial enhancements in both interior and exterior design, is tailored to cater to the discerning needs of premium executive users. Deliveries of the 2024 ET7 commenced on April 30.
In a strategic move, NIO also announced a partnership with Lotus Technology, a renowned global manufacturer of luxury electric vehicles, focusing on charging and swapping solutions.
Furthermore, NIO unveiled plans to showcase its latest offerings, including the 2024 ET5 sedan and ES7 SUV, at the prestigious Beijing International Automotive Exhibition (April 25-May 4). The company will also spotlight its full-stack technologies, encompassing Smart Power, Manufacturing, and Chip development, alongside its NIO Power Swap Station and a 640 kW ultra-fast charger. In addition, NIO House, the company’s innovative customer experience showroom concept, will be prominently featured at the exhibition.
NIO Inc. (NYSE: NIO) Stock Price Action
NIO stock surged 11.65% to close at $5.27 on Wednesday. Its value has risen by 27% this week. Trading activity has witnessed 147,202,332 (147.20 million) shares changing hands, surpassing the average daily volume of 52.29 million.
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