NIO's June vehicle deliveries jump 62.9% YoY, driven by strong ES9 and Firefly sales.

NIO delivered 40,597 vehicles in June, marking a 62.9% year-over-year growth and outperforming its Chinese EV competitors. The surge was mainly driven by strong sales of the ES9 and Firefly models. Premium NIO-branded vehicles made up 63% of the first half deliveries, supporting expectations for improved vehicle margins in Q2. The company is seen as undervalued with rising transaction prices and margin improvements suggesting positive valuation momentum if the trend continues.