NIO Almost Tripled Electric Car Sales In October 2022

NIO studies that its over-all electric powered auto provides in Oct amounted to 10,059, which is just 174{e3fa8c93bbc40c5a69d9feca38dfe7b99f2900dad9038a568cd0f4101441c3f9} extra than a yr in the past.

This substantial charge of progress is a consequence of a quite minimal base, mainly because in October 2021, only 3,667 NIO EVs were marketed due to the retooling of the JAC-NIO Superior Producing Middle in Hefei (at the time it was the only NIO manufacturing facility).

In comparison to the past months, the 10,000+ revenue is a steady end result, really a little decreased than in September and August.

The too much to handle the vast majority of NIO profits are in China.

Past month, the business offered 5,979 crossover/SUVs (up 60{e3fa8c93bbc40c5a69d9feca38dfe7b99f2900dad9038a568cd0f4101441c3f9} year-above-calendar year) and 2,928 sedans (new class).

The primary concern is what will materialize up coming, for the reason that China is once all over again impacted by COVID-19 and new actions needed the business to near its producing services.

NIO reported on November 1 that “The vehicle output and supply were constrained by procedure issues in our vegetation as effectively as offer chain volatilities because of to the COVID-19 scenarios in selected locations in China.” However, on November 2, Reuters confirmed that the organization suspended output:

“The information that production at Nio’s factories has been briefly suspended is correct and this will have an affect on creation and supply schedules,”

In other phrases, constraints modified into a momentary total prevent. It truly is hard to convey to how extended it may possibly take to restart creation – days or perhaps months (likely additional very likely)?

It will be incredibly exciting to see irrespective of whether this will also affect NIO’s expansion in Europe.

Product sales benefits:

• Crossover/SUVs (EC6, ES6, ES7, ES8): 5,979 (up 60{e3fa8c93bbc40c5a69d9feca38dfe7b99f2900dad9038a568cd0f4101441c3f9} calendar year-about-yr)
  including 1,895 ES7
• Sedans (ET5, ET7): 4,080 (new)
  including 3,050 ET7 and 1,020 ET5
• Overall: 10,059 (up 174{e3fa8c93bbc40c5a69d9feca38dfe7b99f2900dad9038a568cd0f4101441c3f9} calendar year-over-year)

So considerably this yr, NIO globally bought about 92,000 electric automobiles:

• Crossover/SUVs (EC6, ES6, ES7, ES8) YTD: 72,753 (up 3.8{e3fa8c93bbc40c5a69d9feca38dfe7b99f2900dad9038a568cd0f4101441c3f9} calendar year-over-year)
• Sedans (ET5, ET7) YTD: 19,740 (new)
• Complete YTD: 92,493 (up 32{e3fa8c93bbc40c5a69d9feca38dfe7b99f2900dad9038a568cd0f4101441c3f9} yr-around-12 months)

Cumulatively, NIO marketed 259,563 electric autos (the 200,000th auto was manufactured on April 26), such as about 113,000 in the most current 12 months.

NIO offers 6 electric powered motor vehicle styles (EC6, ES6, ES7, ES8, ET5 and ET7). All apart from the ET5 are manufactured at the JAC-NIO Highly developed Producing Centre in Hefei. The ET5 is created at NIO’s 2nd manufacturing facility at NeoPark.

The EC6, ES6 and ES8 are primarily based on the initially technology platform, although the ES7, ET5 and ET7 are primarily based on the NT 2. system.