NIO Inc. (NIO) achieved a significant milestone in January, delivering 10,055 vehicles and marking an 18% YoY increase. However, the MoM figures saw a 44% decrease, aligning with market expectations.
The breakdown of deliveries includes 6,307 SUVs (ES6/EC6+ES7/EC7+ES8), reflecting an impressive 188% YoY growth, and 3,748 sedans (ET5, ET5T, ET7), witnessing a 41% YoY decline.
To alleviate the capex associated with battery swapping, NIO expanded its collaborative efforts. After partnering with Changan, the company entered into strategic agreements with JAC and Chery in January. Further collaborations are anticipated, aiming to mitigate NIO's capex responsibilities.
Attention from investors will likely be directed towards NIO's utilization of an expanded sales team to reinvigorate growth in the first half of 2024, ahead of the ALPS sub-brand launch in the second half of the year. Battery swapping initiatives and the development of NOP+ADAS will also remain focal points for NIO throughout 2024.
Shares of NIO are up 2.67% in pre-market trading Thursday morning.