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Investing.com -- NIO Inc (NYSE:NIO)., the electric vehicle company, on Tuesday reported a 14% increase in its deliveries for March, with a total of 15,039 vehicles delivered compared to 13,192 in the previous month.
The March deliveries also showed a significant year-over-year increase of 26.7%.
The deliveries consisted of vehicles from two of the company’s brands. NIO, the company’s premium smart electric vehicle brand, accounted for 10,219 vehicles, while the family-oriented smart electric vehicle brand ONVO contributed 4,820 vehicles to the total.
This data indicates a steady growth in the demand for NIO Inc.’s electric vehicles.
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