Chinese electric vehicle (EV) maker Nio delivered 20,575 vehicles in November, a 28.9 per cent increase from the same month last year.
The latest figure was slightly lower than the 20,976 vehicles delivered in October.
Of the total, 15,493 vehicles were from Nio’s flagship premium EV line, while 5,082 came from its family-oriented Onvo brand.
As at Nov 30, 2024, cumulative deliveries stood at 640,426, the company said in a business update on Sunday (Dec 1), adding that it recently celebrated its 10th anniversary on Nov 25.
“With its fullstack, in-house developed technological capabilities, extensive nationwide power network, and unique user community, Nio has laid a solid foundation for future growth,” the company said.
Nio, listed in the United States, Hong Kong and Singapore, reported a net loss of 5.1 billion yuan (S$943 million) for the three months ended Sep 30, up from 4.6 billion yuan in the same period last year.
Third-quarter revenue declined 2.1 per cent to 18.7 billion yuan, down from 19.1 billion yuan a year ago, as vehicle sales dropped 4.1 per cent to 16.7 billion yuan from 17.4 billion yuan in the same period last year.
Shares of Nio rose 0.5 per cent, or US$0.02, to close at US$4.46 last Friday (Nov 29), ahead of the announcement.
