- Nio delivered 35,486 vehicles in March, representing a 136% year-on-year increase, pushing its first-quarter total past the company's guidance.
- Nio will kick off an intensive period of new product launches starting this month to maintain sales momentum.
Nio Inc saw a significant jump in deliveries last month as the slow season at the start of the year gradually passed.
The Chinese electric vehicle (EV) maker delivered 35,486 vehicles in March, up 135.96% year-on-year and up 70.63% from February, according to data released on Wednesday.
The deliveries included 22,490 vehicles from the main Nio brand, 6,877 from Onvo, and 6,119 from Firefly.
For the first quarter, Nio Inc delivered 83,465 vehicles, surging 98.28% year-on-year, despite a 33.12% decline from the fourth quarter of last year.
The quarterly deliveries exceeded the upper end of the company's previous guidance range of 80,000 to 83,000 vehicles.
In the first quarter, the Nio main brand delivered 58,543 vehicles, Onvo delivered 13,339 units, and Firefly delivered 11,583, according to data compiled by CnEVPost.
Nio's Hong Kong-traded shares surged 10% on Wednesday amid market expectations for strong delivery data and an intensive product roll-out.
The robust delivery performance was driven by its flagship premium SUV, the all-new ES8. The model completed its 80,000th delivery on March 20, taking just 181 days.
In March, the all-new ES8 saw 16,255 deliveries, securing the title of best-selling large SUV and best-selling model priced above 400,000 yuan ($58,180) in China for three consecutive months, Nio said today.
The model's commercial success played a key role in Nio's recent historic financial turnaround and is also expected to help it navigate the traditionally weak period.
The company achieved an operating profit of 1.25 billion yuan in the fourth quarter of last year.
Nio is preparing to enter an intensive phase of new product launches to maintain its sales momentum. The company will officially launch the 2026 editions of the ES6, EC6, ET5, and ET5 Touring on April 2.
These four updated models, collectively referred to as the "5566" lineup, will feature upgrades in design, configuration, and smart driving experiences. They target the market segment of around 300,000 yuan.
In addition, a product and technology launch event for the new flagship SUV, the Nio ES9, will be officially held on April 9.
Sub-brand Onvo will also release the 2026 edition of the L90 large SUV in late April, while another SUV, the Onvo L80, is also launching soon, Nio said.
Nio also plans to unveil a five-seat version of the ES8 in early July to sustain the large SUV's sales performance.
($1 = 6.8827 yuan)
