NIO said Monday it delivered 21,209 cars in June. For the quarter, NIO delivered 57,373 cars, higher than the guidance given in June for deliveries of between 54,000 and 56,000 units. In the second quarter of 2023, NIO delivered 23,520 cars.
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Tesla's[ticker symb=TSLA] Chinese rivals accelerated in June to cap off a strong second quarter for EV sales, while the U.S. EV giant braces for a Q2 delivery decline. Startup EV stock Nio[ticker symb=NIO] surpassed its Q2 sales guidance and scored the biggest quarter-over-quarter sales increase.