Published on 1 Jun 2024 on Benzinga
Chinese electric vehicle startups defied inclement industry conditions and posted strong deliveries in May.
What Happened: Premium EV maker Nio, Inc. NIO reported selling an impressive 20,544 EVs in May. This includes 12,164 premium smart electric SUVs and 8,380 premium smart electric sedans. The May number marked a record total for the Shanghai-based company.