NIO (NYSE:NIO) reported vehicle deliveries of 42,094 for the first quarter of 2025, a 40.1% year-over-year increase, with March contributing 15,039 units. Of that monthly figure, 10,219 came from the premium NIO brand and 4,820 from ONVO, the company's family-focused electric vehicle line.
Total cumulative deliveries reached 713,658 by the end of March. NIO shares were up 1.57% in premarket trading Tuesday.
Competitors also posted strong results. XPENG (NYSE:XPEV) delivered 33,205 Smart EVs in March, a 268% increase from a year earlier. Its Q1 total came in at 94,008 units, up 331% year-over-year. Li Auto (NASDAQ:LI) reported Q1 deliveries of 92,864 vehicles, a 15.5% rise from the same period in 2024.
In market activity, XPENG shares rose more than 4% premarket, while Li Auto gained 1.4%. Moreover, despite the strong quarterly data, NIO stock has faced selling pressure. The shares are down nearly 10% over the past week, with a 14.7% decline over the last month and a 40.9% drop over six months, underperforming the broader S&P 500 index.
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