NIO Inc. Provides February 2020 Delivery Update
March 10 2020 - 4:00AM
NIO Inc. (“NIO” or the “Company”) (NYSE: NIO), a pioneer in China’s
premium electric vehicle market, today provided its February 2020
delivery results.
NIO delivered 707 vehicles in February 2020,
consisted of 671 ES6s, the Company’s 5-seater high-performance
premium electric SUV, and 36 ES8s, the Company’s 7-seater
high-performance premium electric SUV and its 6-seater variant. The
Company plans to commence deliveries of the new ES8 in April 2020.
As of February 29, 2020, cumulative deliveries of the ES8 and
the ES6 reached 34,218 vehicles, of which 2,305 vehicles were
delivered in 2020.
“The novel coronavirus has broken out in China
since the end of January 2020. While the overall passenger vehicle
sales in China took a hit and slumped over 78% year on year in
February 2020, NIO’s deliveries had declined by 12.8% year on year
for the same period,” said William Bin Li, founder, chairman and
chief executive officer of NIO. “Deliveries have been constrained
as services are being cautiously reopened and people are encouraged
to avoid unnecessary close-range contact. In addition, the
production has started ramping up gradually from the middle of
February and supply chains have remained challenging.
“Nevertheless, with most NIO Houses and NIO
Spaces staying in full or partial operation, we have aggressively
explored a variety of online traffic channels to promote our
products, technologies and services to potential users. Our direct
sales model, enabled by well-developed purchase functions on the
NIO app, has played a critical role in this sales environment. We
are pleased to see positive responses from different channels,
which are being translated to encouraging order numbers,” concluded
Mr. Li.
Steven Feng, chief financial officer of NIO,
added, “We expect that it will take time for the industry and NIO
to resume normal productions. We will keep monitoring and
coordinating supply chain resources and accelerate productions to
fulfill the growing demand.”
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 Relations
Tel: +86-21-6908-3474
Email: ir@nio.com
Source: NIO
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