China-based EV maker Nio delivered a record 31,138 vehicles in December, up 72.9% y-o-y.
Quarterly delivery for the three months to end December increased by 45.2% y-o-y to 72,689 vehicles, also a record.
For the whole of 2024, the company, quoted on the stock exchanges of New York, Hong Kong and Singapore, delivered a total of 221,970 vehicles, up 38.7% y-o-y.
This brings Nio's cumulative deliveries to 671,564 as of Dec 31, 2024.
This coming March, Nio plans to launch its latest premium model ET9, reportedly costing RMB788,000 each.
To widen its product portfolio, Nio is introducing a sub-brand "firefly", described as "small, smart, and high-end".
See also: China's Nio launches RMB788,000 EV to take on Porsche, Mercedes
Vehicles under this brand will be officially launched this coming April.
In its most recent 3QFY2024 ended Sept 30, Nio reported a loss of RMB5.05 billion, an increase of 11% y-o-y. Revenue in the same period was down 21.% y-o-y to RMB18.67 billion.
Nio's SGX quoted shares ended Dec 31 2024 at US$4.51, down 49.33% in the past 12 months.
