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Home/News Feed/NIO's EV deliveries hit 35,486 in March, beating Q1 targets with 136% YoY growth.
NIO
$5.11
+$0.06 +1.19%

NIO's EV deliveries hit 35,486 in March, beating Q1 targets with 136% YoY growth.

Analyst Insights
06 Apr 2026
Seeking Alpha
View Source
Bullish
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NIO Inc. delivered 35,486 electric vehicles in March, marking a 136% increase year-over-year and surpassing its Q1 guidance with a total of 83,465 units. The company's growth is driven by its multi-brand strategy, including the urban-focused Onvo and Firefly brands and the premium ES8 model. Upcoming launches like the ES9 SUV and Onvo's L90 are expected to boost deliveries and margins further. Despite challenges in the EV sector, NIO's stock remains attractive with a forward price-to-sales ratio of 0.73, supported by improving profitability and strong market momentum.

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