Wednesday, 2024 February 21

KEY STAT | Nio quadruples EV deliveries in January

Building on its growth momentum from the latter half of 2020, China’s electric vehicle (EV) startups opened the new year with strong increases in delivery numbers.

Nio (NYSE: NIO), for example, delivered 7,225 vehicles in January, 4.5 times more than the 1,598 in the same month of 2020, marking the sixth straight month of record-high numbers, the company announced on Monday.

Following Nio, rivals Xpeng (NYSE: XPEV)  and Li Auto (NASDAQ: LI) respectively reported 6,015 and 5,379 deliveries for January, 470% and 355.8% higher year-on-year, also new all-time bests for both EV makers.

Read this: I hate it when my car dies: Nio and Tesla’s visions for China’s EV charging infrastructure

This article is part of KrASIA’s “Key Stat” series, where KrASIA picks and presents the most significant figures of the day’s technology and business world.

Julianna Wu
Julianna Wu
Data visualist & writer

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