Nio Deliveries Up 38.5% Year-to-Date, October Deliveries Drop 15.2%

Nio delivered 34,246 vehicles in October, a 15.2% decline year-over-year, despite a 38.5% increase in deliveries for the first ten months of the year. The premium Nio brand saw deliveries fall from 21,318 in September to 18,125 in October, a drop of approximately 15%. Meanwhile, ONVO deliveries plummeted by 51.7% to 8,383 vehicles, while Firefly's deliveries increased by 30.9%. The overall decline of 3,162 vehicles was primarily driven by the premium Nio brand's 3,193-vehicle drop. Last October's record deliveries make this year's comparison particularly challenging. Investors are advised to monitor upcoming delivery updates to see if the premium Nio brand can regain momentum and if ONVO can stabilize. Continued weakness in both brands could signal a shift in Nio's growth narrative amid intense competition in China's market.

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