NIO Inc. Provides Third Quarter 2019 Delivery Update
October 08 2019 - 4:00AM
NIO Inc. (“NIO” or the “Company”) (NYSE: NIO), a pioneer in
China’s premium electric vehicle market, today provided its third
quarter 2019 delivery results.
NIO delivered 4,799 vehicles in the third
quarter, increasing 35.1% from the second quarter and exceeding the
middle point of the Company’s guidance range significantly by 499
vehicles, or 11.6%. The deliveries consisted of 4,196 ES6s, the
Company’s 5-searter high-performance premium electric SUV, and 603
ES8s, the Company’s 7-seater high-performance premium electric SUV
and its 6-seater variant. Deliveries in September were 2,019
vehicles, including 1,726 ES6s and 293 ES8s. As of September 30,
2019, aggregate deliveries of the Company’s ES6 and ES8 reached
23,689 vehicles, of which 12,341 vehicles were delivered in
2019.
“Third quarter deliveries exceeded the top end
of our guidance range as production and deliveries of our ES6
continued to ramp up after its initial launch in June,”
said William Li, founder, chairman and chief executive officer
of NIO. “September deliveries in particular were positively
impacted by expedited shipments ahead of China’s national day
holiday. In addition to the solid sequential improvement in
our delivery numbers, we have seen accelerated growth of our order
backlog since September supported by a more expansive sales
network.
“Facing unfavorable economic conditions and auto
industry trends, we drive forward by committing to outstanding
products and excellent services. At the end of September, we began
offering the ES6 standard version at more competitive retail
prices. In addition, we will start deliveries in October of the ES6
and ES8 with an 84-kWh battery pack that extends the NEDC driving
range to 510 km and 430 km respectively. We plan to further enhance
our offerings in an effort to accelerate orders and deliveries,
going forward,” 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.com
The Piacente Group, Inc. Brandi
Piacente Tel: +1-212-481-2050 Email: nio@tpg-ir.com
Ross Warner Tel: +86-10-6508-0677
Email: nio@tpg-ir.com
Source: NIO
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