Summary by Moomoo AI
NIO Inc., a leader in the premium smart electric vehicle market, has reported an 18.2% year-over-year increase in vehicle deliveries for January 2024, with a total of 10,055 vehicles delivered. The company's cumulative deliveries have now reached 459,649 as of January 31, 2024. The January deliveries included 6,307 SUVs and 3,748 sedans. NIO has also expanded its power swap network through strategic partnerships with JAC Group and Chery Automobile, in addition to previous collaborations with Changan Automobile and Geely Group. Furthermore, NIO co-founded Zhongan Energy in January 2024, aiming to build 1,000 battery swap stations in China in the coming years. The company continues to innovate with its battery swapping technologies, Battery as a Service (BaaS), and proprietary assisted and intelligent driving technologies. NIO's product line includes a range of smart electric vehicles from SUVs to sedans.