Despite the challenging market situation NIO is now selling more cars than ever before.
NIO offers two models: ES6 (5-seat SUV) and bigger ES8 (7- or 6-seat SUV). While the ES6 noted its 2nd best result ever, finally we saw some higher volume also for the ES8 - 751, as consumers were tempted by the new, upgraded version.
- ES6: 2,685 (new)
- ES8: 751 (down 31% year-over-year)
- Total: 3,436 - new record (up 216% year-over-year)
NIO sales in China – May 2020
So far this year NIO sold:
- ES6: 9,235 (new)
- ES8: 1,194 (down 81% year-over-year)
- Total: 10,429 (up 68% year-over-year)
Cumulative sales reached 42,342.
Thanks to the introduction of the new, upgraded ES8, the sales increased to highest level since June 2019.
William Bin Li, founder, chairman, and chief executive officer of NIO said:
“In May, we achieved record-high monthly deliveries in our history. We truly appreciate the trust and support that NIO users have been giving us and we remain fully committed to the vision of building the best user enterprise by offering high-quality premium smart electric vehicles in the years to come. We are proud of our teams for their continuous efforts and determination in delivering the solid results, and we will further increase our production capacity and expand our sales network to support our future growth.”
Steven Feng, chief financial officer of NIO, added:
“We are pleased to see the strong monthly deliveries despite fewer working days due to the public holiday in May. We expect to achieve the delivery goal for the second quarter 2020, while continuously improving gross margin and narrowing operating loss.”