Nio Reports Higher March, Q1 Vehicle Deliveries

Nio (NIO) on Wednesday reported 35,486 vehicle deliveries in March, up 136% from a year earlier.

Deliveries for the month consisted of 22,490 Nio-branded vehicles, 6,877 Onvo-branded vehicles, and 6,119 Firefly-branded units, the Chinese EV maker said.

Deliveries for Q1 increased by 98.3% year-over-year to 83,465, Nio said.

Cumulative deliveries reached 1.08 million units as of March 31, the company said.

Nio shares were up more than 2% in recent Wednesday premarket trading.