Nio deliveries in January quadruple from a year ago, signaling a strong start to 2021

Bin Li, CEO of Chinese language electrical car delivery up-up NIO Inc., celebrates after ringing a bell as NIO stock begins shopping and selling on the bottom of the New York Stock Exchange (NYSE) at some point soon of the firm’s preliminary public offering (IPO) on the NYSE in New York, September 12, 2018.

Brendan McDermid | Reuters

BEIJING — Chinese language electrical car delivery up-up Nio is off to a real delivery up for the one year, although it has a long manner to head to retract up with market chief Tesla.

The firm mentioned Monday it delivered 7,225 automobiles in January, better than four instances the 1,598 automobiles delivered at some point soon of the identical month final one year. 

Last month’s figures also sign Nio’s sixth-straight month of tale excessive deliveries, bringing the delivery up-up’s cumulative deliveries to 82,866. 

It be taken Nio about six years to reach this point, while Tesla delivered 180,570 automobiles in the final three months of 2020 by myself. 

Nio’s New York-listed shares have climbed 17% for the one year thus far, correct unnerved of Tesla’s 19% produce. Both shares are outperforming the S&P 500’s roughly half of-p.c upward push. 

Shares of Xpeng, one other U.S.-listed Chinese language electrical car firm, are up 15% for the one year thus far.

Xpeng mentioned Monday it delivered 6,015 electrical automobiles in January, a third-straight tale month of deliveries. The firm’s P7 sedan accounted for better than half of of ultimate month’s deliveries for a total of 18,772 since its mass rollout began in tiresome June. 

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