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Benzinga
Benzinga
Business
Rachit Vats

Nio Deliveries Fall 8% Sequentially In January With Lunar New Year Holidays: What You Need To Know

Li NIO Lunar New Year NYSE China Nio Inc U.S.-listed

U.S.-listed Chinese electric vehicle maker Nio Inc (NYSE:NIO) said on Tuesday deliveries fell in January over the previously month — ahead of the traditionally slow-sales season around the Lunar New Year. China New Year Holiday starts on Jan. 31 and lasts till Feb. 6 this year.

What Happened: Nio said it delivered 9,652 electric vehicles last  month, a fall of 7.9% over December and a rise of 33.6% over January 2021.

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