NIO Inc. Provides October 2021 Delivery Update

Rhea-AI Summary

NIO delivered 3,667 vehicles in October 2021, a 27.5% year-over-year decline, attributed to production reductions from restructuring and manufacturing upgrades. Despite challenges, new orders hit an all-time high, indicating strong user demand. The October delivery comprised 218 ES8s, 2,528 ES6s, and 921 EC6s, with cumulative deliveries reaching 145,703. NIO's strategic focus on innovative technologies and community engagement underlines its position in China's premium electric vehicle market.

Positive

• New order volume reached an all-time high in October, indicating strong user demand.
• Cumulative deliveries of ES8, ES6, and EC6 reached 145,703 vehicles.

Negative

• Vehicle deliveries decreased by 27.5% year-over-year due to restructuring and supply chain issues.

• NIO delivered 3,667 vehicles in October 2021, decreasing by 27.5% year-over-year due to restructuring and upgrades of manufacturing lines and preparation of new products introduction
  
  
• Cumulative deliveries of the ES8, ES6 and EC6 as of October 31, 2021 reached 145,703

SHANGHAI, China, Nov. 01, 2021 (GLOBE NEWSWIRE) -- NIO Inc. (“NIO” or the “Company”) (NYSE: NIO), a pioneer and a leading company in the premium smart electric vehicle market in China, today announced its October 2021 delivery results.

NIO delivered 3,667 vehicles in October 2021, representing a decrease of 27.5% year-over-year. The vehicle delivery in October was significantly impacted by reduction in production volume as a result of the restructuring and upgrades of manufacturing lines and the preparation of new products introduction from September 28 to October 15, as well as certain supply chain volatilities. Despite the production and supply chain challenges, the Company’s new order reached another all-time high in October driven by increasing user demand.

Due to the restructuring and upgrade scheduling, ES8 production was resumed towards the end of October. The deliveries in October consisted of 218 ES8s, the Company’s six-seater or seven-seater flagship premium smart electric SUV, 2,528 ES6s, the Company’s five-seater high-performance premium smart electric SUV, and 921 EC6s, the Company’s five-seater premium smart electric coupe SUV. As of October 31, 2021, cumulative deliveries of the ES8, ES6 and EC6 reached 145,703 vehicles.

About NIO Inc.

NIO Inc. is a pioneer and a leading company in the premium smart electric vehicle market in China. 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, develops, jointly manufactures and sells premium smart electric vehicles, driving innovations in next-generation technologies in autonomous driving, digital technologies, electric powertrains and batteries. NIO differentiates itself through its continuous technological breakthroughs and innovations, such as its industry-leading battery swapping technologies, Battery as a Service, or BaaS, as well as its proprietary autonomous driving technologies and Autonomous Driving as a Service, or ADaaS. NIO launched the ES8, a seven-seater flagship premium smart electric SUV in December 2017, and began deliveries of the ES8 in June 2018 and its variant, the six-seater ES8, in March 2019. NIO launched the ES6, a five-seater high-performance premium smart electric SUV, in December 2018, and began deliveries of the ES6 in June 2019. NIO launched the EC6, a five-seater premium smart electric coupe SUV, in December 2019, and began deliveries of the EC6 in September 2020. NIO launched the ET7, a flagship premium smart electric sedan, in January 2021.

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, in its annual report to shareholders, 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 a car 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 newly introduced BaaS and ADaaS; 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 the ES8, ES6, EC6 and ET7; its ability to control costs associated with its operations; its ability to build the NIO brand; 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. 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

For investor and media inquiries, please contact:

NIO Inc.

Investor Relations

Tel: +86-21-6908-2018

Email: ir@nio.com

Source: NIO 

FAQ

What were NIO's vehicle delivery numbers for October 2021?

NIO delivered 3,667 vehicles in October 2021.

What caused the decline in NIO's vehicle deliveries in October 2021?

The decline was caused by production reductions due to restructuring and manufacturing upgrades.

How many cumulative deliveries did NIO achieve by October 31, 2021?

NIO's cumulative deliveries reached 145,703 vehicles as of October 31, 2021.

What types of vehicles did NIO deliver in October 2021?

In October 2021, NIO delivered 218 ES8s, 2,528 ES6s, and 921 EC6s.

Did NIO experience any challenges in production in October 2021?

Yes, NIO faced production challenges due to restructuring and supply chain volatilities.