NIO Inc. Provides October 2022 Delivery Update
November 01 2022 - 5:30AM
NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the
“Company”), a pioneer and a leading company in the premium smart
electric vehicle market, today announced its October 2022 delivery
results.
NIO delivered 10,059 vehicles in October 2022,
representing an increase of 174.3% year-over-year. The deliveries
consisted of 5,979 premium smart electric SUVs including 2,814
ES7s, and 4,080 premium smart electric sedans including 3,050 ET7s
and 1,030 ET5s. The vehicle production and delivery were
constrained by operation challenges in our plants as well as supply
chain volatilities due to the COVID-19 situations in certain
regions in China. Cumulative deliveries of NIO vehicles reached
259,563 as of October 31, 2022.
In October, NIO unveiled ET7, EL7 and ET5 for
the European markets at the NIO Berlin 2022. These products are
gradually made available for order in Norway, Germany, the
Netherlands, Denmark and Sweden through NIO Subscription, leasing
programs, and direct sales to users.
The announced delivery volume represents vehicle
deliveries through direct sales to users as well as to the leasing
program partner in Europe in accordance with the revenue
recognition policy of the Company’s vehicle sales. The vehicles
under NIO Subscription in Europe are recognized as assets on the
Company’s balance sheet but not counted towards the announced
delivery volume.
About NIO Inc. NIO Inc. is a
pioneer and a leading company in the premium smart electric vehicle
market. Founded in November 2014, NIO’s mission is to shape a
joyful lifestyle. NIO aims to build a community starting with smart
electric vehicles to share joy and grow together with users. NIO
designs, develops, jointly manufactures and sells premium smart
electric vehicles, driving innovations in next-generation
technologies in autonomous driving, digital technologies, electric
powertrains and batteries. NIO differentiates itself through its
continuous technological breakthroughs and innovations, such as its
industry-leading battery swapping technologies, Battery as a
Service, or BaaS, as well as its proprietary autonomous driving
technologies and Autonomous Driving as a Service, or ADaaS. NIO’s
product portfolio consists of the ES8, a six- or seven-seater
flagship premium smart electric SUV, the ES7 (or the EL7), a
mid-large five-seater premium smart electric SUV, the ES6, a
five-seater high-performance premium smart electric SUV, the EC6, a
five-seater premium smart electric coupe SUV, the ET7, a flagship
premium smart electric sedan, and the ET5, a mid-size premium smart
electric sedan.
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. NIO may also make written or oral
forward-looking statements in its periodic reports to the U.S.
Securities and Exchange Commission, in its annual report to
shareholders, in announcements, circulars or other publications
made on the websites of each of The Stock Exchange of Hong Kong
Limited (the “SEHK”) and the Singapore Exchange Securities Trading
Limited (the “SGX-ST”), 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 ensure and expand manufacturing capacities including
establishing and maintaining partnerships with third parties; its
ability to provide convenient and comprehensive power solutions to
its customers; the viability, growth potential and prospects of the
newly introduced BaaS and ADaaS; its ability to improve the
technologies or develop alternative technologies in meeting
evolving market demand and industry development; NIO’s 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, ES7 (or the EL7), ES6, EC6, ET7 and ET5; 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 U.S.
Securities and Exchange Commission and the announcements and
filings on the websites of each of the SEHK and SGX-ST. 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
Investor
Relationsir@nio.com
Media
Relationsglobal.press@nio.com
NIO (NYSE:NIO)
Historical Stock Chart
From May 2024 to Jun 2024
NIO (NYSE:NIO)
Historical Stock Chart
From Jun 2023 to Jun 2024