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Nio boosts EV deliveries by 38.7% YoY in 2024

Its cumulative deliveries reached 671,564 in 2024.

SGX-listed Chinese EV manufacturer Nio Inc. delivered 221,970 vehicles, reflecting an increase of 38.7% year-on-year (YoY).

This brings the company’s cumulative deliveries to 671,564 as of 31 December 2024.

For 4Q 2024, the company delivered 72,689 vehicles, reflecting a 45.2% YoY increase. Of these, 42%, or 31,138 vehicles were delivered in December, an increase of 72.9% YoY.

The deliveries in December 2024 consisted of 20,610 vehicles from its premium smart electric vehicle brand NIO, and 10,528 vehicles from its family-oriented smart electric vehicle brand ONVO.

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