It was the second consecutive month of document month-to-month deliveries for Nio, sending quarterly deliveries to a uncommon beat of its steering vary.
Nio (NYSE: NIO) delivered a document variety of autos final month, sending second-quarter deliveries unexpectedly above steering.
The electrical automobile (EV) maker delivered 21,209 autos in June, beating Could’s earlier document of 20,544 autos for its second consecutive document month, based on knowledge it launched as we speak.
That is up 98.09 % from the ten,707 autos delivered in the identical month final 12 months and up 3.24 % from Could.
Nio’s robust efficiency in June might have been as a result of continued constructive affect of the tweaks it made to its BaaS (battery as a service) battery rental service in March, in addition to the general rebound in China’s EV business.
The corporate delivered a document 57,373 autos within the second quarter, surpassing the earlier document of 55,432 autos within the third quarter of 2023.
The quarterly deliveries exceeded the higher finish of the steering vary of between 54,000 and 56,000 autos supplied by Nio when it introduced its first-quarter outcomes on June 6.
Nio had beforehand guided second-quarter income to be between RMB 16.59 billion ($2.28 billion) and RMB 17.14 billion, representing progress of about 89.1 % to 95.3 % from the identical interval in 2023.
The corporate at present delivers eight fashions — ES8, ES7, ES6, EC7, EC6, ET7, ET5, ET5 Touring — of which the primary 5 are SUVs and the final three are sedans. Deliveries of the ET9 sedan, which was introduced in December final 12 months, is ready to start within the first quarter of 2025.
Nio’s SUVs noticed a dip in deliveries in June, offset by progress in sedan fashions.
Its SUVs delivered 11,581 autos final month, up 81.44 % year-on-year however down 4.79 % from Could.
Sedan fashions delivered 9,628 final month, up 122.66 % year-on-year and up 14.89 % from Could.
Within the first half of the 12 months, Nio delivered 87,426 autos, up 60.24 % year-on-year.
SUV fashions delivered 50,371 models within the first half of the 12 months, up 140.76 % year-on-year, contributing 57.62 % of all deliveries.
Sedan fashions delivered 37,055 autos within the first half of the 12 months, up 10.15 % year-on-year, contributing 42.38 % of all deliveries.
Since its inception, Nio’s cumulative deliveries stand at 537,020 autos, based on knowledge compiled by CnEVPost.
Along with Nio-branded autos, the corporate is ready to start delivering fashions below its sub-brand Onvo within the third quarter.
Nio formally launched the Onvo model on Could 15 and commenced pre-sales of the Onvo L60 at the moment at a pre-sale value of RMB 219,900.
The EV maker stated on the time that the official launch and supply of the Onvo L60 would happen in September, however didn’t point out a particular date.
Native media outlet Web Information Company stated in a June 19 report that the Onvo L60 can be formally launched on September 10.
($1 = RMB 7.2684)
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