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NIO Inc. Provides December, Fourth Quarter and Full Year 2024 Delivery Update

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NIO reported strong delivery numbers for December 2024, achieving a new monthly record of 31,138 vehicles, up 72.9% year-over-year. The deliveries included 20,610 vehicles from NIO's premium brand and 10,528 from ONVO brand. Fourth quarter deliveries reached a record 72,689 vehicles, increasing 45.2% year-over-year.

For full year 2024, NIO delivered 221,970 vehicles, up 38.7% from 2023, bringing cumulative deliveries to 671,564. The company also launched its new smart electric executive flagship, the ET9, at NIO Day 2024, with deliveries expected in March 2025. Additionally, NIO introduced 'firefly', a new small, smart, high-end electric car brand, with its first model launch planned for April 2025.

NIO ha riportato numeri di consegna forti per dicembre 2024, raggiungendo un nuovo record mensile di 31.138 veicoli, con un aumento del 72,9% rispetto all’anno precedente. Le consegne includevano 20.610 veicoli del marchio premium di NIO e 10.528 del marchio ONVO. Le consegne del quarto trimestre hanno raggiunto un record di 72.689 veicoli, con un incremento del 45,2% rispetto all’anno precedente.

Per l'intero anno 2024, NIO ha consegnato 221.970 veicoli, in aumento del 38,7% rispetto al 2023, portando le consegne cumulative a 671.564. L'azienda ha anche lanciato il suo nuovo executive flagship elettrico intelligente, l'ET9, durante il NIO Day 2024, con consegne attese per marzo 2025. Inoltre, NIO ha introdotto 'firefly', un nuovo marchio di auto elettriche piccole, intelligenti e di alta gamma, con il lancio del suo primo modello previsto per aprile 2025.

NIO reportó sólidos números de entrega para diciembre de 2024, alcanzando un nuevo récord mensual de 31,138 vehículos, un aumento del 72.9% en comparación con el año anterior. Las entregas incluyeron 20,610 vehículos de la marca premium de NIO y 10,528 de la marca ONVO. Las entregas del cuarto trimestre alcanzaron un récord de 72,689 vehículos, incrementando un 45.2% en comparación con el año anterior.

Para todo el año 2024, NIO entregó 221,970 vehículos, un aumento del 38.7% respecto a 2023, llevando el total acumulado a 671,564. La compañía también lanzó su nueva insignia eléctrica inteligente, el ET9, en el NIO Day 2024, con entregas previstas para marzo de 2025. Además, NIO presentó 'firefly', una nueva marca de coches eléctricos pequeños, inteligentes y de alta gama, con el lanzamiento de su primer modelo planeado para abril de 2025.

NIO는 2024년 12월 강력한 배송 수치를 보고하며 31,138대의 새로운 월별 기록을 달성하였으며, 이는 전년 대비 72.9% 증가한 수치입니다. 배송에는 NIO의 프리미엄 브랜드에서 20,610대와 ONVO 브랜드에서 10,528대가 포함되었습니다. 4분기 배송량은 72,689대의 기록에 도달했으며, 이는 전년 대비 45.2% 증가한 수치입니다.

2024년 전체적으로 NIO는 221,970대를 배송하여 2023년에 비해 38.7% 증가하였으며, 누적 배송량은 671,564대에 달했습니다. 회사는 또한 2024년 NIO Day에서 새로운 스마트 전기 플래그십인 ET9를 출시했으며, 배송은 2025년 3월에 예정되어 있습니다. 추가로, NIO는 'firefly'라는 새로운 소형, 스마트, 프리미엄 전기차 브랜드를 소개했으며, 첫 모델은 2025년 4월에 출시될 예정입니다.

NIO a annoncé des chiffres de livraison solides pour décembre 2024, atteignant un nouveau record mensuel de 31.138 véhicules, en hausse de 72,9 % par rapport à l'année précédente. Les livraisons comprenaient 20.610 véhicules de la marque premium de NIO et 10.528 de la marque ONVO. Les livraisons du quatrième trimestre ont atteint un record de 72.689 véhicules, augmentant de 45,2 % par rapport à l'année précédente.

Pour l'année complète 2024, NIO a livré 221.970 véhicules, en hausse de 38,7 % par rapport à 2023, portant ainsi le total cumulé à 671.564. L'entreprise a également lancé son nouveau vaisseau amiral électrique intelligent, le ET9, lors du NIO Day 2024, avec des livraisons prévues en mars 2025. De plus, NIO a introduit 'firefly', une nouvelle marque de voitures électriques petites, intelligentes et haut de gamme, avec le lancement de son premier modèle prévu pour avril 2025.

NIO meldete im Dezember 2024 starke Lieferzahlen und erreichte einen neuen monatlichen Rekord von 31.138 Fahrzeugen, was einem Anstieg von 72,9 % im Vergleich zum Vorjahr entspricht. Die Lieferungen umfassten 20.610 Fahrzeuge der Premium-Marke von NIO und 10.528 von der Marke ONVO. Im vierten Quartal erreichten die Lieferungen einen Rekord von 72.689 Fahrzeugen, was einem Anstieg von 45,2 % im Vergleich zum Vorjahr entspricht.

Für das Gesamtjahr 2024 lieferte NIO 221.970 Fahrzeuge aus, was einem Anstieg von 38,7 % gegenüber 2023 entspricht, wodurch die kumulierten Lieferungen auf 671.564 anstiegen. Das Unternehmen stellte auch seine neue intelligente Elektro-Flaggschiff, den ET9, am NIO Day 2024 vor, wobei die Auslieferungen für März 2025 erwartet werden. Darüber hinaus stellte NIO 'firefly' vor, eine neue Marke für kleine, intelligente und hochwertige Elektroautos, deren erste Modellveröffentlichung für April 2025 geplant ist.

Positive
  • Record monthly deliveries of 31,138 vehicles in December 2024 (+72.9% YoY)
  • Record quarterly deliveries of 72,689 vehicles in Q4 2024 (+45.2% YoY)
  • Annual deliveries grew 38.7% to 221,970 vehicles in 2024
  • Launch of new premium ET9 model expanding product portfolio
  • Introduction of new 'firefly' brand targeting high-end small car segment
Negative
  • None.

Insights

NIO's record-breaking delivery numbers demonstrate remarkable operational execution in a challenging market. The 72.9% year-over-year growth in December deliveries, reaching 31,138 units, significantly outpaces the broader Chinese EV market growth rate. The successful launch of the ONVO brand, contributing 10,528 units, shows effective market segmentation strategy.

The company's 38.7% annual growth to 221,970 deliveries indicates strong market penetration despite intense competition. The upcoming ET9 executive flagship and firefly brand launch represent strategic moves to diversify revenue streams and target different market segments. However, investors should note that NIO's current $9.27B market cap implies high growth expectations and sustained execution will be important for valuation support.

The multi-brand strategy mirrors successful approaches by legacy automakers, but requires significant capital investment. The Q4 delivery momentum of 72,689 units provides a strong foundation for 2025, though profitability metrics will be key to watch given the ongoing price competition in the Chinese EV market.

The delivery data reveals NIO's successful market positioning and brand expansion strategy. The ONVO brand's immediate traction, accounting for 33.8% of December deliveries, demonstrates effective market segmentation. The upcoming firefly brand targets the premium small car segment, potentially opening new revenue streams in global markets where compact EVs are popular.

The consistent quarterly growth trajectory, culminating in a record 72,689 Q4 deliveries, suggests improving operational efficiency and supply chain management. The premium positioning of the ET9 executive flagship could help maintain margins amid pricing pressures. The cumulative delivery milestone of 671,564 vehicles establishes NIO as a significant player in the global EV landscape, though still trailing market leaders.

Company Achieved New Record-High Monthly and Quarterly Deliveries

  • 31,138 vehicles were delivered in December 2024, increasing by 72.9% year-over-year
  • 72,689 vehicles were delivered in the three months ended December 2024, increasing by 45.2% year-over-year
  • 221,970 vehicles were delivered in 2024 in total, increasing by 38.7% year-over-year
  • Cumulative deliveries reached 671,564 as of December 31, 2024  

SHANGHAI, China, Jan. 01, 2025 (GLOBE NEWSWIRE) -- NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), a pioneer and a leading company in the global smart electric vehicle market, today announced its December, fourth quarter and full year 2024 delivery results.

The Company delivered 31,138 vehicles in December 2024, a new monthly high, representing an increase of 72.9% year-over-year. The deliveries consisted of 20,610 vehicles from the Company’s premium smart electric vehicle brand NIO, and 10,528 vehicles from the Company’s family-oriented smart electric vehicle brand ONVO. The Company delivered 72,689 vehicles in the fourth quarter of 2024, a new quarterly record, representing an increase of 45.2% year-over-year. For the full year of 2024, the Company delivered 221,970 vehicles, reflecting an increase of 38.7% year-over-year. Cumulative deliveries reached 671,564 as of December 31, 2024.

At NIO Day 2024, the NIO ET9, our smart electric executive flagship was officially launched. The ET9 integrates NIO’s full-stack technological capabilities across 12 areas, offering flagship experiences to users in design, space, comfort, audio, intelligent systems, assisted and intelligent driving, safety, powertrain, and overall driving and riding performance. Deliveries of the ET9 are expected to commence in March 2025.

During the event, firefly, our small, smart, high-end electric car brand, was officially launched. Built upon NIO’s expertise in research and development, design capabilities, safety standards, and intelligent technologies, firefly embodies the brand’s DNA of being “vivid, thoughtful and solid.” Inspired by the spirit of “freedom to glow,” firefly aims to provide global users with a vivid driving experience and a thoughtfully designed, solid living space. The official launch of the firefly model is expected in April 2025.

About NIO Inc.
NIO Inc. is a pioneer and a leading company in the global smart electric vehicle market. Founded in November 2014, NIO aspires to shape a sustainable and brighter future with the mission of “Blue Sky Coming”. NIO envisions itself as a user enterprise where innovative technology meets experience excellence. NIO designs, develops, manufactures and sells smart electric vehicles, driving innovations in next-generation core technologies. NIO distinguishes itself through continuous technological breakthroughs and innovations, exceptional products and services, and a community for shared growth. NIO provides premium smart electric vehicles under the NIO brand, family-oriented smart electric vehicles through the ONVO brand, and small smart high-end electric cars with the FIREFLY brand.

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 (the “SEC”), 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 vehicles 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 battery swapping, BaaS, and NIO Assisted and Intelligent Driving and its subscription services; 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 its vehicles; its ability to control costs associated with its operations; its ability to build its current and future brands; 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 SEC 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

Investor Relations
ir@nio.com

Media Relations
global.press@nio.com


FAQ

How many vehicles did NIO deliver in December 2024?

NIO delivered 31,138 vehicles in December 2024, a new monthly record representing a 72.9% increase year-over-year.

What was NIO's total delivery count for Q4 2024?

NIO delivered 72,689 vehicles in Q4 2024, achieving a new quarterly record with a 45.2% year-over-year increase.

How many vehicles did NIO deliver in full year 2024?

NIO delivered 221,970 vehicles in 2024, representing a 38.7% increase compared to 2023.

When will NIO begin deliveries of the new ET9 model?

Deliveries of the NIO ET9 are expected to commence in March 2025.

What is NIO's cumulative delivery count as of December 31, 2024?

NIO's cumulative deliveries reached 671,564 vehicles as of December 31, 2024.

When will NIO launch its new 'firefly' brand model?

The official launch of the firefly model is expected in April 2025.

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