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Nio, BYD see EV deliveries drop sharply in February, but stocks rally

Summary by Ground News
Nio Inc. and BYD Co. both reported February deliveries that fell from last year and last month. Nio delivered 8,132 EVs in February, down 19.1% from the 10,055 vehicles delivered in January. Meanwhile, Li Auto LI, -4.21% said overnight that it delivered 20,251 EV in February.

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Nio, BYD see EV deliveries drop sharply in February, but stocks rally

Nio’s stock gains, while Li Auto’s stock pulls back after its biggest monthly gain in more than three years.

·New York, United States
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MarketWatch broke the news in New York, United States on Friday, March 1, 2024.
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