FX.co ★ NIO October Vehicle Delivery Up 30.5%

NIO Inc., a prominent Chinese manufacturer of smart electric vehicles, reported on Friday a significant year-over-year increase of 30.5% in vehicle deliveries for October 2024, totaling 20,976 units. This figure includes 16,657 vehicles from its premium brand, NIO, and 4,319 from its family-oriented line, ONVO. As of October 31, 2024, the company’s cumulative deliveries had surged to 619,851. Notably, the production and delivery capabilities for the ONVO L60 model have shown consistent growth during October 2024. NIO also stated that ONVO is committed to further expanding its sales, service, and power distribution networks, aiming to accommodate a rising customer base and sustain long-term growth.