NIO Inc. Provides July 2019 Monthly Delivery Update
August 12 2019 - 6:00AM
NIO Inc. (“NIO” or the “Company”) (NYSE: NIO), a pioneer in China’s
premium electric vehicle market, today provided its July 2019
delivery results.NIO delivered 837 vehicles in July, consisting of
673 ES6s, the Company’s 5-searter high-performance premium electric
SUV, and 164 ES8s, the Company’s 7-seater high-performance premium
electric SUV and its 6-seater variant. As of July 31, 2019,
aggregate deliveries of the Company’s ES8 and ES6 reached 19,727
vehicles, of which 8,379 vehicles were delivered in 2019.
“Our deliveries in July were negatively impacted
by multiple factors,” said William Li, founder, chairman and
chief executive officer of NIO. “In July we completed our
voluntary battery recall for 4,803 ES8s. During the month, we
prioritized battery manufacturing capacity for this effort, which
significantly affected our production and delivery results. In
addition, some deliveries were pushed forward into June in
anticipation of further electric vehicle subsidy reductions that
took effect at the end of June. Lastly, China’s macroeconomic and
auto market conditions remained challenging, exacerbated by the
US-China trade conflict and the decline in passenger vehicle sales
on a year over year basis for 13 of the past 14 months.”“On the
positive side, we completed the ES8 battery recall in approximately
half the time compared to our original timeline. Having taken swift
and transparent actions throughout the recall process, we are happy
to report that we see users’ confidence in the safety and quality
of our vehicles quickly returning. Looking ahead, with battery
capacity allocation back to normal, we will accelerate deliveries
and make up for the delivery loss impacted by the recall. We expect
August to be a much stronger month, and target to deliver between
2,000 and 2,500 vehicles,” Mr. Li concluded.
About NIO Inc.
NIO Inc. is a pioneer in China’s premium
electric vehicle market. Founded in November 2014, NIO’s
mission is to shape a joyful lifestyle by offering premium smart
electric vehicles and being the best user enterprise. NIO designs,
jointly manufactures, and sells smart and connected premium
electric vehicles, driving innovations in next generation
technologies in connectivity, autonomous driving and artificial
intelligence. Redefining the user experience, NIO provides users
with comprehensive, convenient and innovative charging solutions
and other user-centric services. NIO began deliveries of the ES8, a
7-seater high-performance premium electric SUV
in China in June 2018, and its variant, the 6-seater
ES8, in March 2019. NIO officially launched the ES6, a
5-seater high-performance premium electric SUV, in December
2018 and began the first deliveries of the ES6 in June
2019.
Safe Harbor Statement
This press release contains statements that may
constitute “forward-looking” statements pursuant to the “safe
harbor” provisions of the U.S. Private Securities Litigation Reform
Act of 1995. These forward-looking statements can be identified by
terminology such as “will,” “expects,” “anticipates,” “aims,”
“future,” “intends,” “plans,” “believes,” “estimates,” “likely to”
and similar statements. Among other things, the Business Outlook
and quotations from management in this announcement, as well as
NIO’s strategic and operational plans, contain forward-looking
statements. NIO may also make written or oral forward-looking
statements in its periodic reports to the U.S. Securities and
Exchange Commission (the “SEC”), in its annual report to
shareholders, in press releases and other written materials and in
oral statements made by its officers, directors or employees to
third parties. Statements that are not historical facts, including
statements about NIO’s beliefs, plans and expectations, are
forward-looking statements. Forward-looking statements involve
inherent risks and uncertainties. A number of factors could cause
actual results to differ materially from those contained in any
forward-looking statement, including but not limited to the
following: NIO’s strategies; NIO’s future business development,
financial condition and results of operations; NIO’s ability to
develop and manufacture a car of sufficient quality and appeal to
customers on schedule and on a large scale; its ability to grow
manufacturing in collaboration with partners; its ability to
provide convenient charging solutions to our customers; its ability
to satisfy the mandated safety standards relating to motor
vehicles; its ability to secure supply of raw materials or other
components used in our vehicles; its ability to secure sufficient
reservations and sales of the ES8 and ES6; its ability to control
costs associated with our operations; its ability to build our NIO
brand; general economic and business conditions globally and
in China and assumptions underlying or related to any of
the foregoing. Further information regarding these and other risks
is included in NIO’s filings with the SEC. All information
provided in this press release is as of the date of this press
release, and NIO does not undertake any obligation to update any
forward-looking statement, except as required under applicable
law.For more information, please visit: http://ir.nio.com.For
investor and media inquiries, please contact: NIO
Inc. Investor Relations Tel: +86-21-6908-3681
Email: ir@nio.comThe Piacente Group, Inc.
Brandi Piacente Tel: +1-212-481-2050 Email: nio@tpg-ir.comRoss
Warner Tel: +86-10-6508-0677 Email: nio@tpg-ir.comSource:
NIO
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