On Monday, NIO Inc. (NYSE:NIO) reported strong growth in May vehicle deliveries as demand across its NIO, ONVO and FIREFLY brands continued to expand.
May Deliveries Jump 62%
The Chinese electric vehicle maker delivered 37,705 vehicles in May, up 62.3% from a year earlier. Deliveries included 20,013 vehicles from the NIO brand, 12,029 from ONVO and 5,663 from FIREFLY.
Year-to-date deliveries reached 150,526 vehicles through May, an increase of 68.7% from the same period last year. Cumulative deliveries totaled 1,148,118 vehicles as of May 31.
New SUV Launches Support Growth
