Chinese electric vehicle maker Nio Inc (NYSE: NIO) said on Saturday that cumulative deliveries of its main brand have reached 700,000 units, marking a production milestone for the company as it continues to expand in the premium segment.
The 700,000th vehicle was delivered in Wuhan, central China’s Hubei province, according to a post on Weibo by Nio’s founder, chairman and CEO William Li. “700,000 units is not a huge number, but it represents the Chinese automotive industry’s pursuit of advanced technology and premium branding,” Li said in the post.
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Nio’s main brand accounted for 19,269 vehicle deliveries in April, a 23.4% increase from a year earlier and an 88.6% rise from March, according to figures released by the company on May 1. Total deliveries across all Nio Inc brands – including Onvo and Firefly – reached 23,900 vehicles in April, the company’s second-highest monthly total to date.
Sub-brand Onvo, launched in September 2024, contributed 4,400 units to April deliveries. Firefly, which began deliveries of its first model on April 29 following its launch on April 19, delivered 231 units in its debut month.
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Based on previously disclosed figures, the 700,000th delivery indicates that Nio’s main brand delivered at least 2,615 vehicles in the first 10 days of May. Overall cumulative deliveries for Nio Inc, covering all three brands, stood at 737,558 vehicles at the end of April.
Founded in 2014, Nio launched its first production model, the ES8 SUV, in late 2017 and began customer deliveries in mid-2018. The company reached its 100,000th delivery in April 2021 and crossed the 600,000 mark in October 2024.