Industry dynamics

Nio delivers 15,641 vehicles in Sept, down 19% from Aug

Publishtime:2019/08/16 Views:8

Nio delivered a record 55,432 vehicles in the third quarter, slightly above the lower end of its previously provided guidance range of 55,000 to 57,000 vehicles.

In the January-September period, Nio's deliveries amounted to 109,993 units, up 33.43 percent year-on-year.

By the end of September, Nio's cumulative deliveries since inception stood at 399,549 units, close to the 400,000-unit mark.

Nio's performance in deliveries so far this year means it will be hard to meet the target it set at the start of the year about doubling sales this year compared to last year.

The company's management said in an analyst call on March 1 after it announced its fourth-quarter earnings last year that Nio's goal was to see 2023 sales double from last year.

Nio delivered a total of 122,486 vehicles in 2022, up 34 percent from 91,429 in 2021. Doubling sales means that Nio would need to deliver around 240,000 vehicles this year.

To reach that target, Nio would need to deliver about 130,000 vehicles in the fourth quarter, or an average of about 43,000 vehicles per month on average.

Nio launched the new EC6 in China on September 15, completing the transition of all NT 1.0 platform models to the latest NT 2.0 platform.

The new EC6 starts at RMB 358,000 ($49,030), which is RMB 20,000 higher than the RMB 338,000 starting price of the new ES6. Deliveries of the model began on the night of the launch date.

On September 21, Nio launched its first smartphone at its first Nio In Innovation Day event and demonstrated the device's experience of seamlessly connecting to vehicles.

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