On October 2, NIO-SW rose 3.02% in regular trading, trading at 27.26 HKD/share, with turnover of 28.03 million HKD. The stock opened higher and extended gains as the market digested strong delivery figures released on October 1.
NIO delivered 37,408 vehicles in September, up 7.7% year-over-year. Within the breakdown, the NIO brand delivered 21,318 units, surging 55.3% YoY; the ONVO brand delivered 8,763 units; and the FIREFLY brand delivered 7,327 units, up 26.9% YoY. For the third quarter, total deliveries reached 109,178 vehicles, a 25.4% YoY increase. Cumulative deliveries for the first three quarters soared 49.2% to 300,301 vehicles, with all three brands posting record-high sales. The company has now delivered a cumulative 1,297,893 vehicles.
In addition, the company recently signed a strategic charging and battery-swap partnership with Geely, with Geely acquiring a 30% stake in NIO Power at a post-investment valuation of approximately 16 billion RMB, providing further support for market sentiment.
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