On June 1, NIO rose 5.18% in regular trading, trading at $6.0872/share, with trading volume of $137 million. The rally was driven by the company's strong May delivery data and continued momentum from recent new vehicle launches.
NIO disclosed that it delivered 37,705 vehicles in May, representing a 62.3% year-over-year increase and a 28.4% month-over-month gain. By brand, NIO delivered 20,013 units (up 50.8% YoY), ONVO brand delivered 12,029 units (up 91.5% YoY, up 124.8% MoM), and Firefly brand delivered 5,663 units (up 53.9% YoY). Cumulative deliveries for the first five months reached 150,526 units, up 68.7% year-over-year, with total historical deliveries surpassing 1.148 million units.
The strong delivery performance was further supported by the company's improving profitability, with non-GAAP net profit turning positive for two consecutive quarters. Additionally, the recent launch of the ES9 flagship SUV has added to investor optimism regarding the company's product cycle expansion and competitive positioning in the premium EV segment.
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