NIO Inc. Provides March 2020 Delivery Update
April 07 2020 - 04:00AM
NIO Inc. (“NIO” or the “Company”) (NYSE: NIO), a pioneer in China’s
premium electric vehicle market, today provided its March 2020
delivery results.
NIO delivered 1,533 vehicles in March 2020,
representing a robust 116.8% month-over-month growth mainly
contributed by our recovering production capacity. The deliveries
consisted of 1,479 ES6s, the Company’s 5-seater high-performance
premium electric SUV, and 54 ES8s, the Company’s 7-seater
high-performance premium electric SUV and its 6-seater variant. The
Company plans to commence deliveries of the all-new ES8 with more
than 180 improvements in April 2020. As of March 31, 2020,
cumulative deliveries of the ES8 and the ES6 reached 35,751
vehicles, of which 3,838 vehicles were delivered in the first
quarter of 2020, 9.7% higher than the middle point of the Company’s
delivery guidance for the first quarter of 2020.
“We are pleased to see the gradual recovery of
our production in March, with special thanks to the great support
from our supply chain partners since the second half of March,”
said William Bin Li, founder, chairman and chief executive officer
of NIO. “In parallel with our continued online sales efforts, our
in-store visits have also witnessed a gradual pickup. With the
continuous support from our loyal user community, we have seen
increasing order backlog since February.”
Steven Feng, chief financial officer of NIO,
added, “As the COVID-19 outbreak is largely brought under control
in China at this stage, we will continue working closely with our
supply chain partners to resume normal productions. Meanwhile, we
remain committed to roll out NIO Spaces and integrate online and
offline sales channels to further boost our order growth.”
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. NIO officially launched the EC6, a 5-seater
smart premium electric coupe SUV, in December 2019 and plans to
commence deliveries in 2020.
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, 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 its 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 its vehicles; its ability to secure sufficient
reservations and sales of the ES8 and ES6; its ability to control
costs associated with its operations; its ability to build the 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
RelationsTel: +86-21-6908-2018Email: ir@nio.com
Source: NIO
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