NIO Inc. Prudently Adjusts Fourth Quarter 2022 Delivery Outlook
December 27 2022 - 5:05AM
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 provided an updated delivery outlook
for the fourth quarter of 2022.
In December 2022, the Company has been facing
challenges in deliveries and productions, together with certain
supply chain constraints, caused by the outbreak of the Omicron
coronavirus variant in major cities in China. While our teams have
strived to maintain continuous operations on all fronts, we were
not able to reach our full capacities, particularly when there have
been disruptions on delivery and registration procedures involving
users. The Company now expects to deliver 38,500 to 39,500 vehicles
in the fourth quarter of 2022, adjusted from previously released
outlook of 43,000 to 48,000 vehicles.
On December 24, 2022, the Company hosted NIO Day
2022 in Hefei, China and launched the EC7, a smart electric
flagship coupe SUV, and the All-New ES8, an all-around smart
electric flagship SUV, from NIO Technology 2.0 (NT2.0). The design
of the EC7 interprets the power of elegance to the extreme extent.
In the ES8, the unique layout of “four executive seats and one
flexible third row” demonstrates the composed and generous style of
the All-New ES8 as a flagship SUV. Both products further contribute
to the diversity of competitive product offering, bringing user
experiences beyond expectations in terms of design, performance,
comfort, intelligence, safety, and sustainability. The EC7 and the
All-New ES8 are expected to commence delivery in May and June 2023,
respectively.
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-seater smart electric
flagship SUV, the ES7 (or the EL7), a mid-large five-seater smart
electric SUV, the ES6, a five-seater all-round smart electric SUV,
the EC7, a five-seater smart electric flagship coupe SUV, the EC6,
a five-seater smart electric coupe SUV, the ET7, a smart electric
flagship sedan, and the ET5, a mid-size 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 EL7), ES6, EC7, 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
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