Still, that was the best three-month run for either of Nio’s vehicles, narrowly edging out ES8 sales in the final quarter of 2018.
His daily driver is an Alfa Romeo GT 3.2 V6 which he just can't seem to say goodbye to thanks to the mesmerizing exhaust note, despite approaching 300.000km which probably makes this the most experienced GT 3.2 in the world. The ES6 is the second model of the newly launched EV brand Nio.. newsletter, Nio’s future depends more on the Chinese government than ever, abandoned a plan to build its own factory, its team in the all-electric racing series, Formula E, multiple rounds of layoffs both in China and in the US, This timely rescue came at a price, though, rocket to the top of EV sales charts in the country. Without the deal, though, it’s unclear if Nio would have survived. Start typing to see results or hit ESC to close. Chart by author. ... NIO shares were taking a … Details: Nio doubled sales of its ES6 five-seater SUV in August to 2,336 from 1,066 the month before, according to figures from the China Passenger Car Association (CPCA). NIO 's electric cars are selling in China better than ever and in June … This timely rescue came at a price, though.
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Nio stabilized itself with backing from the state just in time to launch a new, even more affordable vehicle in the EC6 that could put it on the path to profitability — something that was barely on the horizon six months ago. A NIO ES6 is displayed at the Beijing Auto Show. (ES8 sales did dip to 923 in July, though.). Nio currently sells two electric vehicles: the ES6, a smaller SUV that starts at around $52,000, and the revamped version of the ES8, a larger SUV that starts at around $67,000. Welcome to CarSalesBase, your destination for global automotive sales data, analysis and commentary. NIO increased sales to a new record thanks to a noticeable rebound of the ES8. Nio also has to commit its “core businesses and assets in China, including vehicle research and development, supply chain, sales and services and Nio Power” to a new subsidiary there. This site uses Akismet to reduce spam. Nio spent much of its tumultuous 2019 searching for a funding partner that could help feed the startup’s need for cash. It is NIO’s first model to feature a microfiber headliner, three-spoke sports steering wheel and integrated sports seats, creating a dynamic and vibrant cabin space. Customer deliveries of NIO's third model - the EC6 - have started. Car sales statistics from China only include domestic production and exclude imported models. Necessary cookies are absolutely essential for the website to function properly. Learn how your comment data is processed. The ES6 was the only model from a young EV maker in the association’s top 10 best-selling … These cookies do not store any personal information. While its US arm remains up and running, Nio’s once-great plans to grow beyond China seem murkier than ever. This website uses cookies to improve your experience. Bart is a 36-year old Dutchman who's always had a thing for cars, the automotive industry and statistics. A planned sedan was delayed, and the ES8 recall happened soon after.
The ES6’s successful debut kept the company afloat, and ES8 sales started to rebound as 2019 came to a close. Deliveries of the ES8 cratered early in the year, thanks to a change to the Chinese government’s electric vehicle subsidy policy. A third, the EC6 compact SUV, will start shipping in September. We'll assume you're ok with this, but you can opt-out if you wish. Sales figures for the Nio ES6 in China. You also have the option to opt-out of these cookies. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website. Interesting side news is that NIO's fast-charging network (60+ stations with roughly 430 stalls) is used mostly - more than 90% - by EVs from other manufacturers like Tesla.
That changed a bit in the second quarter of 2020, as Nio shipped 2,907 ES6 SUVs in April, 2,685 in May, and 2,476 in June. The ES6 is the second model of the newly launched EV brand Nio. We use cookies and other tracking technologies to improve your browsing experience on our site, show personalized content and targeted ads, analyze site traffic, and understand where our audiences come from. While the pandemic helped put a number of other startups in danger of going out of business around the world — including some seen as potential frontrunners, like Byton — competition has once again heated up in China as the automotive market quickly rebounds there. Required fields are marked *. By choosing I Accept, you consent to our use of cookies and other tracking technologies. In September, the company delivered 4,708 EVs, which is 133% more than a year ago! It's also the first result with '4' in the front. But the revamped version — which started shipping in April and features improvements to the interior as well as the SUV’s range and performance — boosted ES8 deliveries from just 36 in February and 54 in March to 248, 751, and 1,264 in April, May, and June, respectively. This helped Nio generate $526.4 million in revenue across the second quarter, a record for the six-year-old startup. He’s combined these passions by writing about them on CarSalesBase.com. The ES8, meanwhile, has largely been on life support since Nio had to recall nearly 5,000 of them in June 2019 because of a design flaw in the battery pack. Your email address will not be published.
NIO ES6 NIO ES8 NIO EC6, Sales, China, NIO sales, sales September 2020, Demand Surges For More Affordable Tesla Model 3 In China, BMW Brilliance Automotive Launches 5th Gen Battery Production, NIO Set New Monthly Sales Record In September 2020, https://insideevs.com/news/447031/nio-new-monthly-sales-record-september-2020/, Tesla Model 3 Towing Huge 26-Foot Airstream: Range & Power Test, Smart Summon Allows Tesla Model Y To Escape From A Very Deep, Big Puddle, Watch This Tesla Model Y Window Shatter On Its Own While Parked In Garage, Tesla Model 3 At 100K Miles: Maintenance Costs & Battery Degradation, Tesla Is Calling Model Y Owners For Roof Inspection After One Flew Off. In exchange, Nio is building a new headquarters in that province (Anhui). The ES8 is still far from its record levels, achieved when the car was introduced with a huge order backlog, but it's already showing relatively decent results. The ES6 has sold well since debuting in the middle of 2019, with monthly deliveries more or less trending upward except for when the pandemic shut down China earlier this year.
You can find all his articles. To learn more or opt-out, read our Cookie Policy. Your email address will not be published. Buoyed by a return to strong automotive sales in China, a successful rollout of the updated version of its first electric SUV, and a recent $1 billion investment from local government entities, the startup now appears to be on its most solid footing since late 2018. Nio also inked a deal with Intel’s Mobileye division to develop autonomous vehicles. Nio struggled mightily in 2019, its first full year of sale. Nio tried to strike out on its own as an independent startup and had a good head start on many of its current peers. The Chinese premium electric car manufacturer NIO has set another monthly sales record - the fourth time this year, and the … Nio, which is backed by Tencent, has found that footing at a pivotal moment. We collect and organize vehicle sales figures from across all the major automotive manufacturers, brands and countries. With government support and a new model on the way, the EV startup appears to be back on track. This website uses cookies to improve your experience while you navigate through the website. This could potentially hurt near-term sentiment and slow down NIO’s order book momentum considering it would be a direct competitor to NIO’s EC6 and ES6,” the …
It is finally generating a positive gross margin on its vehicles (9.7 percent, following quarter after quarter of negative margins) and has grown its previously anemic cash pile to $1.6 billion. Nio also shipped 2,610 ES6 SUVs in July, the first month of Q3, so they’re back on the rise. Chinese EV startup Nio has rebounded from the early months of the COVID-19 pandemic, setting a company record for deliveries and revenue during the second quarter of 2020. The deal closed in the second quarter of 2020.
This category only includes cookies that ensures basic functionalities and security features of the website. But it burned through billions of dollars along the way and wound up in a bad place before the pandemic. We hope you enjoy.
Chart shows monthly sales of NIO's ES8 (in blue) and ES6 (in green) since the start of ES8 production in June of 2018. Things were still challenging, but they were starting to look up until the COVID-19 pandemic hit. That partner ultimately arrived in early 2020, when Nio announced a $1 billion deal with a provincial government and coterie of state-backed financing partners. In all, it’s a striking recovery for a company that entered 2020 on the brink and then had to deal with the effects of the pandemic. Car sales statistics from China only include domestic production and exclude imported models. Please also read our Privacy Notice and Terms of Use, which became effective December 20, 2019. ... Chinese EV sales were strong in September, totaling about 100,000 vehicles. Nio still lost $166.5 million this past quarter, but that is the company’s slimmest loss since going public in 2018. Fellow Chinese EV startups, like XPeng and Li Auto, have rushed to the public markets to raise even more money as they try to grow market share.
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