NIO reported record vehicle deliveries in December and Q4 2024, achieving cumulative totals of 671,564 vehicles.
Quiver AI Summary
NIO Inc. announced record-high deliveries for December 2024, with 31,138 vehicles delivered, marking a 72.9% year-over-year increase. For the fourth quarter, total deliveries reached 72,689, a 45.2% rise compared to the same quarter the previous year, while total annual deliveries for 2024 were 221,970, reflecting a 38.7% increase. By December 31, 2024, cumulative deliveries had reached 671,564. The company also introduced its new smart electric executive flagship, the ET9, during NIO Day 2024, which will begin deliveries in March 2025, alongside the launch of a new brand called Firefly aimed at providing high-end electric vehicles, expected to be unveiled in April 2025.
Potential Positives
- Record-high monthly deliveries of 31,138 vehicles in December 2024, representing a 72.9% year-over-year increase.
- Quarterly deliveries reached a new high of 72,689 vehicles in Q4 2024, a 45.2% increase year-over-year.
- Total annual deliveries for 2024 were 221,970 vehicles, increasing by 38.7% compared to the previous year.
- Launch of new vehicle models ET9 and firefly, set to enhance the product lineup and expand market presence in 2025.
Potential Negatives
- The press release contains extensive forward-looking statements that involve inherent risks and uncertainties, which may raise concerns among investors about the future performance and stability of the company.
- Despite achieving record-high deliveries, the release does not provide details on how the company plans to maintain or enhance its production capacity to meet increasing demand, which could indicate potential operational challenges ahead.
- While the delivery numbers were strong, there is no mention of profitability or financial health, which could suggest ongoing concerns about the company’s ability to generate profits despite increasing sales volumes.
FAQ
What are NIO's delivery figures for December 2024?
NIO delivered 31,138 vehicles in December 2024, marking a 72.9% increase year-over-year.
How many vehicles did NIO deliver in 2024?
In total, NIO delivered 221,970 vehicles in 2024, an increase of 38.7% year-over-year.
What percentage increase did NIO see in Q4 2024 deliveries?
NIO experienced a 45.2% year-over-year increase in deliveries for the fourth quarter of 2024.
When will deliveries of the NIO ET9 begin?
Deliveries of the NIO ET9 are expected to commence in March 2025.
What is the focus of NIO's firefly brand?
The firefly brand aims to provide a vivid driving experience and thoughtful design for high-end electric cars.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$NIO Hedge Fund Activity
We have seen 165 institutional investors add shares of $NIO stock to their portfolio, and 220 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BLACKROCK, INC. removed 55,361,668 shares (-91.6%) from their portfolio in Q3 2024
- STATE STREET CORP removed 18,825,554 shares (-85.8%) from their portfolio in Q3 2024
- RENAISSANCE TECHNOLOGIES LLC added 12,236,000 shares (+4729.8%) to their portfolio in Q3 2024
- MILLENNIUM MANAGEMENT LLC added 9,309,333 shares (+196.3%) to their portfolio in Q3 2024
- GEODE CAPITAL MANAGEMENT, LLC removed 7,417,861 shares (-94.1%) from their portfolio in Q3 2024
- HSBC HOLDINGS PLC removed 7,246,704 shares (-80.4%) from their portfolio in Q3 2024
- POINT72 ASSET MANAGEMENT, L.P. removed 6,464,246 shares (-100.0%) from their portfolio in Q3 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
Company Achieved New Record-High Monthly and Quarterly Deliveries
31,138 vehicles were delivered in December 2024,
increasing by 72.9% year-over-year
72,689 vehicles were delivered in the three months ended December 2024, increasing by 45.2% year-over-year
221,970 vehicles were delivered in 2024 in total, increasing by 38.7% year-over-year
Cumulative deliveries reached 671,564 as of December 31, 2024
SHANGHAI, China, Jan. 01, 2025 (GLOBE NEWSWIRE) -- NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), a pioneer and a leading company in the global smart electric vehicle market, today announced its December, fourth quarter and full year 2024 delivery results.
The Company delivered 31,138 vehicles in December 2024, a new monthly high, representing an increase of 72.9% year-over-year. The deliveries consisted of 20,610 vehicles from the Company’s premium smart electric vehicle brand NIO, and 10,528 vehicles from the Company’s family-oriented smart electric vehicle brand ONVO. The Company delivered 72,689 vehicles in the fourth quarter of 2024, a new quarterly record, representing an increase of 45.2% year-over-year. For the full year of 2024, the Company delivered 221,970 vehicles, reflecting an increase of 38.7% year-over-year. Cumulative deliveries reached 671,564 as of December 31, 2024.
At NIO Day 2024, the NIO ET9, our smart electric executive flagship was officially launched. The ET9 integrates NIO’s full-stack technological capabilities across 12 areas, offering flagship experiences to users in design, space, comfort, audio, intelligent systems, assisted and intelligent driving, safety, powertrain, and overall driving and riding performance. Deliveries of the ET9 are expected to commence in March 2025.
During the event, firefly, our small, smart, high-end electric car brand, was officially launched. Built upon NIO’s expertise in research and development, design capabilities, safety standards, and intelligent technologies, firefly embodies the brand’s DNA of being “vivid, thoughtful and solid.” Inspired by the spirit of “freedom to glow,” firefly aims to provide global users with a vivid driving experience and a thoughtfully designed, solid living space. The official launch of the firefly model is expected in April 2025.
About NIO Inc.
NIO Inc. is a pioneer and a leading company in the global smart electric vehicle market. Founded in November 2014, NIO aspires to shape a sustainable and brighter future with the mission of “Blue Sky Coming”. NIO envisions itself as a user enterprise where innovative technology meets experience excellence. NIO designs, develops, manufactures and sells smart electric vehicles, driving innovations in next-generation core technologies. NIO distinguishes itself through continuous technological breakthroughs and innovations, exceptional products and services, and a community for shared growth. NIO provides premium smart electric vehicles under the NIO brand, family-oriented smart electric vehicles through the ONVO brand, and small smart high-end electric cars with the FIREFLY brand.
Safe Harbor Statement
This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to” and similar statements. NIO may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in announcements, circulars or other publications made on the websites of each of The Stock Exchange of Hong Kong Limited (the “SEHK”) and the Singapore Exchange Securities Trading Limited (the “SGX-ST”), in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about NIO’s beliefs, plans and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: NIO’s strategies; NIO’s future business development, financial condition and results of operations; NIO’s ability to develop and manufacture vehicles of sufficient quality and appeal to customers on schedule and on a large scale; its ability to ensure and expand manufacturing capacities including establishing and maintaining partnerships with third parties; its ability to provide convenient and comprehensive power solutions to its customers; the viability, growth potential and prospects of the battery swapping, BaaS, and NIO Assisted and Intelligent Driving and its subscription services; its ability to improve the technologies or develop alternative technologies in meeting evolving market demand and industry development; NIO’s ability to satisfy the mandated safety standards relating to motor vehicles; its ability to secure supply of raw materials or other components used in its vehicles; its ability to secure sufficient reservations and sales of its vehicles; its ability to control costs associated with its operations; its ability to build its current and future brands; general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in NIO’s filings with the SEC and the announcements and filings on the websites of each of the SEHK and SGX-ST. All information provided in this press release is as of the date of this press release, and NIO does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
For more information, please visit: http://ir.nio.com
Investor Relations
ir@nio.com
Media Relations
global.press@nio.com
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