Record Deliveries Help Drive Nio Into a Bright Future

Group 1 - Nio raised $1.16 billion before expenses from its latest equity offering, which is intended for developing smart EV technologies, designing new platforms and vehicle models, and expanding global charging and battery-swapping networks [3][6] - The company achieved a record delivery of over 31,300 vehicles in August, marking only the second time deliveries exceeded 30,000 [4][6] - Nio reported a 26% increase in second quarter deliveries and a 9% increase in revenue, with adjusted losses per share narrowing [5][6] Group 2 - The launch of newer mass-market brands, Firefly and Onvo, is driving Nio's rising deliveries, with the updated Onvo L60 crossover SUV set to begin deliveries in October [7] - Nio has sold out of its ES8 SUV production capacity through 2025, leading to delivery waits of up to 26 weeks, driven by strong demand and aggressive pricing [8]