Record deliveries for NIO as battery-swapping ramps up

It was a strong second quarter for one of China’s many electric vehicle (EV) start-ups, with NIO reporting record quarterly deliveries of more than 10,000 units—up 119.8% year-over-year and 169.2% against Q1. In July alone, the automaker delivered 3,533 units, the company’s second best figure for a single month.

Q2 2020 was a “milestone quarter” for the company, according to