NIO Inc. Provides July 2020 Delivery Update
August 03 2020 - 4:00AM
NIO Inc. (“NIO” or the “Company”) (NYSE: NIO), a pioneer in China’s
premium smart electric vehicle market, today provided its July 2020
delivery results.
NIO delivered 3,533 vehicles in July 2020,
representing a robust 322.1% growth year-over-year. The deliveries
consisted of 2,610 ES6s, the Company’s 5-seater high-performance
premium smart electric SUV, and 923 ES8s, the Company’s 6-seater
and 7-seater flagship premium smart electric SUV. As of July 31,
2020, cumulative deliveries of the ES8 and the ES6 reached 49,615
vehicles, of which 17,702 were delivered in 2020.
On July 24, 2020, NIO announced the pre-subsidy
price of the EC6, starting from RMB 368,000, and began taking
production orders for the 5-seater premium smart electric coupe
SUV. Its NEDC range of up to 615 kilometers with the 100 kWh
battery pack, excellent driving experience, sporty and stylish
design present a highly competitive model for a younger and broader
user base. The EC6 deliveries will commence in September 2020.
“In July, we are pleased to have achieved the
second-highest monthly delivery results despite the impact on
productions due to a 5-day suspension of manufacturing to prepare
for EC6 productions and other flood-related supply chain
challenges,” said William Bin Li, founder, chairman, and chief
executive officer of NIO. “More proudly, we have achieved a
record-high monthly order growth, attributed to a stronger demand
of the ES8 and ES6, together with the increasing EC6 orders, thanks
to the continuous support of our users. We believe we will be able
to increase our production capacity significantly to support higher
deliveries in the third quarter of 2020.”
Steven Feng, chief financial officer of NIO,
added, “NIO now offers three competitive high-performance smart
electric SUV models to meet the diversified needs of users in the
premium sector of the auto industry in China. We are very confident
that the ES8, ES6, and EC6 are complementary to each other and will
aggressively gain larger market shares from both ICE and electric
vehicle market.”
About NIO Inc.
NIO Inc. is a pioneer in China’s premium smart
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 flagship 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 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: +86-21-6908-2018
Email: ir@nio.com
Source: NIO
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