This article first appeared on GuruFocus.
NIO (NYSE:NIO) climbed about 2% on Monday morning after the Chinese EV maker reported record October deliveries, the company said.
The automaker delivered 40,397 vehicles last month, up about 92.6% from a year earlier, pushing its year-to-date total for 2025 to 913,182 units.
Deliveries spanned three brands: NIO delivered 17,143 cars, ONVO shipped 17,342, and FIREFLY accounted for 5,912 vehicles, the company said.
NIO highlighted strong demand for the ONVO L90 SUV, which has exceeded 10,000 monthly deliveries for three consecutive months since its late-July launch.
The results underscore robust consumer uptake and production momentum as the firm scales multiple product lines.
Analysts and investors will be watching whether the monthly delivery pace can be sustained and how it feeds into company revenue and margin guidance in coming quarters.