NIO sold and delivered 25,768 vehicles in the first quarter of the year, marking an overall 28.5% increase year-over-year, according to a press release.
In March alone, NIO delivered 9,985 units, representing a 37.6 percent increase year-over-year.
NIO delivered 25,034 vehicles in Q4, marking an increase this quarter from the last quarter.
The news comes just weeks after NIO began delivering its flagship ET7 sedan last month, with the automaker selling a total of 163 ET7 units in March.
In addition to ET7 units sold and delivered, NIO sold and delivered 1,726 ES8s, 5,064 ES6s and 3,032 EC6s in March.
Central Bank of Norway Adds NIO and Li Auto Shares, Trims Xpeng in Q4 https://t.co/j8lXduvZ8P
— TeslaNorth.com (@RealTeslaNorth) March 14, 2022
NIO’s cumulative deliveries reached 192,838 on March 31, along with a total of 884 power swap stations, 727 charging stations and 3,832 destination chargers deployed across China.
In addition, NIO plans to unveil the 2022 ES8, ES6 and EC6 in May, featuring an upgraded hardware set for the driver’s seat and new upgrade plans for the digital cockpit.
Deutsche Bank called NIO China’s top EV maker for 2022 earlier this week, immediately following Ark Invest’s Cathie Wood trimming shares of Tesla to pick up stock in NIO.
NIO and fellow China-based EV automakers Li Auto and Xpeng Motors saw surging deliveries in January, with the latter two companies more than doubling sales from the prior month.
Other Chinese EV automakers Xpeng and Li Auto also saw deliveries increase in March.
Xpeng delivered 15,414 cars in March (up 148% from February) and 34,561 in Q1, an increase of 159% year-over-year.
Li Auto delivered 31,716 cars in Q1, up 152% year-over-year. It delivered 11,034 of its Li ONE SUVs in March alone, up 31% versus last month.