Nio nyse Nio Shares Rise Post Strong January Delivery Report

NIO (NYSE: NIO) Shares Rise Post Strong January Delivery Report

NIO (NYSE: NIO) stock inclined about 2% on Thursday after the EV maker reported solid January delivery numbers.

NIO has disclosed its delivery results for January 2024. The EV maker delivered 10,055 vehicles in January 2024, marking an 18.2% increase compared to last year. The deliveries included 6,307 high-end smart electric SUVs and 3,748 high-end smart electric sedans. As of January 31, 2024, the total deliveries of NIO vehicles had reached 459,649.

NIO has expanded its power swap network to encompass the entire industry. In January 2024, NIO entered into a partnership agreement with JAC Group and Chery Automobile for battery swapping, adding to its existing collaborations with Changan Automobile and Geely Group.

Furthermore, NIO, in collaboration with other investors, founded Zhongan Energy in January 2024. This company is focused on building an open and shared charging, swapping, and energy storage network. Zhongan Energy aims to establish 1,000 battery swap stations in China in the coming years.

Looking ahead, NIO plans to collaborate with more partners to collectively drive the development of the power network and promote the broader adoption of battery swapping.

NIO (NYSE: NIO) Stock Movement

NIO stock rose 1.60% on Thursday. The traders had exchanged hands with 50,720,802 (50.72 million) shares compared to the average daily trading volume of 61.50 million.