NIO’s September deliveries up 43.8% Y/Y, down 19% M/M

NIO (NYSE:NIO) delivered 15,641 vehicles in September 2023, increasing by 43.8% Y/Y and down 19% M/M.

The deliveries consisted of 11,504 premium smart electric SUVs and 4,137 premium smart electric sedans.

The company delivered 55,432 vehicles in Q3, representing an increase of 75.4% Y/Y, slightly above the lower end of its previously provided guidance range of 55,000 to 57,000 vehicles.

Nio has delivered 43,854 vehicles so far this year, an increase of 15.8% Y/Y.

Cumulative deliveries of NIO vehicles reached 399,549 as of September 30, 2023.

Following the mixed trend of monthly deliveries:

Peers, Li Auto (LI) deliveries surged 212.7% Y/Y, and XPeng (XPEV) deliveries rose 81% Y/Y for the month of September.