NIO February Deliveries Jump 57.6% While Combined EV Sales Drop 10.6%
NIO delivered 20,797 vehicles in February, up 57.6% year-over-year and pushing cumulative deliveries above 1.04 million; the battery-swapping network logged the 100 millionth swap. Combined deliveries for NIO, Li Auto and XPeng fell 10.6% to 62,474 vehicles in February, the weakest since January 2023.
1. Robust February Deliveries
NIO reported 20,797 vehicle deliveries in February, representing a 57.6% increase compared to the same month last year. This surge helped lift cumulative deliveries past 1.04 million units since inception.
2. Battery Swap Milestone
NIO’s battery-swapping network reached its 100 millionth swap in early February, with usage peaking over five consecutive days. The milestone underscores growing customer reliance on NIO’s charging ecosystem.
3. Broader Chinese EV Market Slowdown
Combined deliveries from NIO, Li Auto and XPeng totaled 62,474 vehicles in February, a 10.6% year-over-year decline and the weakest combined monthly performance since January 2023, reflecting broader market headwinds.