China's new energy vehicle (NEV) sector continues to show significant growth, with major companies like NIO and BYD reporting substantial increases in their vehicle deliveries for April 2024. NIO delivered 15,620 vehicles in April, marking a 134.6% increase year-over-year, and reaching a cumulative total of 495,267 vehicles, with 45,673 vehicles delivered year-to-date in 2024. Similarly, BYD's sales volume for April stood at 313,245 units, up from 210,295 units a year earlier, reflecting a year-on-year increase of 23.24%. The robust sales figures have positively impacted the stock performance of these companies, with NIO's stock price soaring over 20% in Hong Kong and the launch of the new ET7 sedan contributing to the surge.
Shares of Nio soar more than 20% as EV deliveries more than double in April https://t.co/jPrCG8V12b
NIO jumps by over 14% in Hong Kong on Thursday after the April delivery data release. #NIO $NIO https://t.co/y7dlicov6o https://t.co/fMTalwipZr
Nio’s stock soars as April EV deliveries more than double, new ET7 sedan launches https://t.co/Jw4WltErdk
$NIO delivered 15,620 vehicles in April 2024, increasing by 134.6% year-over-year, per Bloomberg
BYD: The sales volume of new energy vehicles in April 2024 reached 313,245 units, compared to 210,295 units in the same period last year. The cumulative sales volume for the year saw a year-on-year increase of 23.24%. #China #BYD $BYD #EV
$NIO ❖ NIO delivered 15,620 vehicles in April 2024, increasing by 134.6% year-over-year ❖ NIO delivered 45,673 vehicles year-to-date in 2024, increasing by 21.2% year-over-year ❖ Cumulative deliveries of NIO vehicles reached 495,267 as of April 30, 2024…
China's new energy vehicle sector bears testament to this burgeoning demand, with both production and sales witnessing sustained and robust growth in recent years. #NEV https://t.co/WPtSVSvelo