- NIO delivered 7,007 vehicles in December 2020, an increase of 121.0% year on year
- NIO delivered 17,353 vehicles in the three months ended December 2020, an increase of 111.0% year on year
- NIO delivered 43,728 vehicles in 2020 in total, increasing by 112.6% year on year
- Cumulative deliveries of ES8, ES6 and EC6 as of December 31, 2020 reached 75,641
SHANGHAI, China, January 3, 2021 (GLOBE NEWSWIRE) – NIO Inc. (“NIO” or the “Company”) (NYSE: NIO), a pioneer in China’s premium smart electric vehicle market, today delivered its fourth of December 2020 quarterly and full year delivery results.
NIO delivered 7,007 vehicles in December 2020, setting a new monthly record that represents a strong growth of 121.0% year on year. Deliveries consisted of 2,009 ES8s, the Company’s 6 and 7-seat premium smart electric SUV, 2,493 ES6s, the Company’s 5-seat, high-performance premium smart electric SUV, and 2,505 EC6s, the Company’s 5-seat premium electric electric coupe SUV. NIO delivered 17,353 vehicles in the fourth quarter of 2020, representing an increase of 111.0% year on year and exceeding the upper limit of the company’s quarterly guidance. As of December 31, 2020, cumulative deliveries of ES8, ES6 and EC6 reached 75,641 vehicles, of which 43,728 were delivered in 2020.
“2020 has been a challenging year for the whole world. Against this backdrop, NIO achieved consecutive records along the way and ended the year on a high, with a remarkable delivery of more than 7,000 vehicles in December, ”said William Bin Li, NIO founder, president and CEO. “These results are attributed to the growing recognition of our premium brand, competitive and attractive products and services, the expansion of the sales network and, most importantly, the continued support of our passionate and loyal user community. The innovative Battery as a Service (BaaS) model has shown popularity among our users since its launch. With the 100 kWh battery offered as an option, BaaS penetration reached over 40% among new orders in December, demonstrating its competitiveness and acceptance by our users. On the fourth NIO Day scheduled for January 9º, 2021, we will present our new sedan model and share the latest developments in our autonomous driving and other essential technologies. Aspired by the spirit of ‘Always Forward’, the theme of the next NIO Day, we will continue to invest in intelligent EV technologies, accelerating our development of new products, expanding our sales and service network and striving for the best holistic experiences for our growing community of users in 2021 and beyond. “
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. NIO aims to build a community starting with smart electric vehicles to share joy and grow together with users. NIO designs, manufactures and sells smart premium electric vehicles, driving innovations in next generation technologies in connectivity, autonomous driving and artificial intelligence. Redefining the user experience, NIO offers users comprehensive and convenient power solutions, the innovative battery as a service (BaaS) model and other user-centric services. NIO began deliveries of the ES8, a premium 7-seater 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 premium car seats and high performance electric SUV in December 2018 and started deliveries of the ES6 in June 2019. NIO officially launched the EC6, a premium 5-seater electric coupe SUV in December 2019 and started delivering the EC6 in September 2020.
Safe Harbor Statement
This press release contains statements that may constitute “forward-looking” statements under the “safe haven” provisions of the United States Private Securities Litigation Reform Act 1995. These forward-looking statements may be identified by terminology as “will” , “expects”, “anticipates”, “aims”, “future”, “intends”, “plans”, “believes”, “estimates”, “probable” and similar statements. Among other things, management quotes in this announcement , as well as NIO’s strategic and operational plans, contain forward-looking statements. NIO may also make forward-looking written or oral statements in its periodic reports to the United States 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 their executives, directors or employees to third parties. Statements that are not historical facts, including statements statements about NIO’s beliefs, plans and expectations are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Several factors may cause actual results to differ materially from those contained in any forward-looking statement, including, but not limited to, the following: NIO strategies; The future development of the business, financial condition and results of operations of NIO; NIO’s ability to develop and manufacture a car of sufficient quality and appeal to customers on time and on a large scale; its ability to increase manufacturing in collaboration with partners; its ability to provide convenient billing solutions to its customers; the viability, growth potential and prospects of the newly introduced BaaS model; NIO’s ability to meet mandatory safety standards for motor vehicles; its ability to guarantee the supply of raw materials or other components used in its vehicles; its ability to guarantee sufficient reserves and sales of ES8, ES6 and EC6; its ability to control costs associated with its operations; its ability to build the NIO brand; general economic and trade conditions worldwide and in China and assumptions underlying or related to any of the foregoing. More information on these and other risks is included in the NIO filings with the SEC. All information provided in this press release is as of the date of this press release, and NIO assumes no obligation to update any forward-looking statements, except as required by applicable law.
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Source: NIO