STOCK TITAN

NIO Inc. Provides September and Third Quarter 2024 Delivery Update

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags

NIO Inc., a leading company in the global smart electric vehicle market, has announced its delivery results for September and the third quarter of 2024. The company achieved record-high quarterly deliveries of 61,855 vehicles, representing an 11.6% year-over-year increase. In September alone, NIO delivered 21,181 vehicles, a 35.4% increase compared to the previous year.

The September deliveries included 20,349 vehicles from NIO's premium smart electric vehicle brand and 832 vehicles from its family-oriented brand, ONVO. Notably, ONVO's first model, the L60 mid-size family smart electric SUV, was launched on September 19, 2024, with deliveries starting in late September.

As of September 30, 2024, NIO's cumulative deliveries reached 598,875 vehicles. The L60 leverages NIO's technologies and supply chains, focusing on maximizing user value and optimizing lifecycle ownership costs for family users.

NIO Inc., un'azienda leader nel mercato globale dei veicoli elettrici intelligenti, ha annunciato i risultati delle consegne per settembre e per il terzo trimestre del 2024. L'azienda ha registrato consegne trimestrali record di 61.855 veicoli, con un incremento dell'11,6% rispetto all'anno precedente. Solo a settembre, NIO ha consegnato 21.181 veicoli, con un aumento del 35,4% rispetto all'anno passato.

Le consegne di settembre comprendevano 20.349 veicoli del marchio premium di veicoli elettrici intelligenti di NIO e 832 veicoli del suo marchio orientato alla famiglia, ONVO. Da notare che il primo modello di ONVO, il SUV elettrico intelligente di medie dimensioni L60, è stato lanciato il 19 settembre 2024, con le consegne che sono iniziate a fine settembre.

Al 30 settembre 2024, le consegne cumulative di NIO hanno raggiunto 598.875 veicoli. L60 sfrutta le tecnologie e le catene di approvvigionamento di NIO, concentrandosi sulla massimizzazione del valore per l'utente e sull'ottimizzazione dei costi di proprietà per gli utenti familiari.

NIO Inc., una empresa líder en el mercado global de vehículos eléctricos inteligentes, ha anunciado sus resultados de entregas para septiembre y el tercer trimestre de 2024. La compañía logró entregas trimestrales récord de 61,855 vehículos, lo que representa un aumento del 11.6% en comparación con el año anterior. Solo en septiembre, NIO entregó 21,181 vehículos, un incremento del 35.4% respecto al año pasado.

Las entregas de septiembre incluyeron 20,349 vehículos de la marca de vehículos eléctricos inteligentes premium de NIO y 832 vehículos de su marca orientada a la familia, ONVO. Cabe destacar que el primer modelo de ONVO, el SUV eléctrico inteligente de tamaño mediano L60, se lanzó el 19 de septiembre de 2024, con entregas comenzando a finales de septiembre.

Al 30 de septiembre de 2024, las entregas acumulativas de NIO alcanzaron 598,875 vehículos. El L60 aprovecha las tecnologías y cadenas de suministro de NIO, enfocándose en maximizar el valor del usuario y optimizar los costos de propiedad a lo largo del ciclo de vida para los usuarios familiares.

NIO Inc.는 글로벌 스마트 전기차 시장의 선두 기업으로서 2024년 9월 및 3분기 배송 결과를 발표했습니다. 이 회사는 분기별 배송량 역대 최고 기록인 61,855대의 차량을 달성했으며, 이는 전년 대비 11.6% 증가한 수치입니다. 9월 한 달에만 NIO는 21,181대의 차량을 배송하였으며, 이는 지난해 대비 35.4% 증가한 수치입니다.

9월 배송에는 NIO의 프리미엄 스마트 전기차 브랜드에서 20,349대와 가족 중심 브랜드인 ONVO에서 832대가 포함되었습니다. 특히 ONVO의 첫 모델인 중형 가족용 스마트 전기 SUV L60은 2024년 9월 19일에 출시되었으며, 배송은 9월 말부터 시작되었습니다.

2024년 9월 30일 현재 NIO의 누적 배송량은 598,875대에 달했습니다. L60은 NIO의 기술과 공급망을 활용하여 가족 사용자에게 최적의 사용자 가치를 극대화하고 소유 비용을 최적화하는 데 중점을 두고 있습니다.

NIO Inc., une entreprise leader sur le marché mondial des véhicules électriques intelligents, a annoncé ses résultats de livraison pour septembre et le troisième trimestre 2024. L'entreprise a réalisé des livraisons trimestrielles record de 61 855 véhicules, représentant une augmentation de 11,6 % par rapport à l'année précédente. Rien qu'en septembre, NIO a livré 21 181 véhicules, soit une augmentation de 35,4 % par rapport à l'année précédente.

Les livraisons de septembre comprenaient 20 349 véhicules de la marque de véhicule électrique intelligent premium de NIO et 832 véhicules de sa marque orientée vers les familles, ONVO. Notamment, le premier modèle d'ONVO, le SUV électrique intelligent de taille moyenne L60, a été lancé le 19 septembre 2024, avec des livraisons commençant à la fin septembre.

Au 30 septembre 2024, les livraisons cumulées de NIO ont atteint 598 875 véhicules. Le L60 tire parti des technologies et des chaînes d'approvisionnement de NIO, se concentrant sur la maximisation de la valeur utilisateur et l'optimisation des coûts de possession pour les utilisateurs familiaux.

NIO Inc., ein führendes Unternehmen im globalen Markt für intelligente Elektrofahrzeuge, hat seine Lieferergebnisse für September und das dritte Quartal 2024 bekannt gegeben. Das Unternehmen erreichte quartalsweise Rekordlieferungen von 61.855 Fahrzeugen, was einem Anstieg von 11,6% im Vergleich zum Vorjahr entspricht. Allein im September lieferte NIO 21.181 Fahrzeuge aus, was einem Zuwachs von 35,4% im Vergleich zum Vorjahr entspricht.

Die September-Lieferungen umfassten 20.349 Fahrzeuge der Premium-Marke von NIO und 832 Fahrzeuge der familienorientierten Marke ONVO. Besonders hervorzuheben ist, dass das erste Modell von ONVO, der mittelgroße Familien-SUV L60, am 19. September 2024 auf den Markt kam, wobei die Lieferungen Ende September begannen.

Am 30. September 2024 hatte NIO insgesamt 598.875 Fahrzeuglieferungen erreicht. Der L60 nutzt die Technologien und Lieferketten von NIO und konzentriert sich darauf, den Nutzerwert zu maximieren und die Lebenszykluskosten für Familiennutzer zu optimieren.

Positive
  • Record-high quarterly deliveries of 61,855 vehicles, up 11.6% year-over-year
  • September deliveries increased by 35.4% year-over-year to 21,181 vehicles
  • Successful launch and initial deliveries of ONVO L60, expanding product portfolio
  • Cumulative deliveries reached 598,875 vehicles, showing consistent growth
Negative
  • None.

Insights

NIO's September and Q3 2024 delivery update reveals significant growth, with 21,181 vehicles delivered in September, up 35.4% year-over-year. The quarterly deliveries of 61,855 vehicles mark a new record, increasing by 11.6% YoY. This growth trajectory is impressive, especially considering the competitive EV market.

The introduction of the ONVO brand and its L60 model is a strategic move to diversify NIO's portfolio and target the family-oriented segment. This expansion could potentially increase NIO's market share and revenue streams. However, it's important to monitor how this new brand performs and whether it cannibalizes sales from NIO's premium line.

With cumulative deliveries reaching 598,875, NIO is approaching the significant milestone of 600,000 vehicles. This scale could lead to improved economies of scale and potentially better profit margins. Investors should watch for the company's ability to maintain this growth rate and its progress towards profitability in upcoming financial reports.

The launch of ONVO's L60 model represents a significant shift in NIO's market strategy. By entering the mid-size family SUV segment, NIO is diversifying its product range and potentially tapping into a broader customer base. This move could help NIO compete more effectively against both domestic and international EV manufacturers in China's highly competitive market.

The emphasis on "bringing happiness and value for money to family users" suggests a focus on cost-effectiveness, which could appeal to price-sensitive consumers. This strategy might allow NIO to capture market share from traditional ICE vehicle manufacturers as well as other EV makers.

However, the success of this new brand will depend on how well it's differentiated from NIO's premium offerings and how it's positioned against competitors like Tesla's Model Y or BYD's offerings. Investors should closely monitor the L60's reception in the market and its contribution to overall sales in the coming quarters.

Company Achieved New Record-High Quarterly Deliveries

  • ONVO L60 started deliveries in late September 2024
  • 21,181 vehicles were delivered in September 2024, increasing by 35.4% year-over-year
  • 61,855 vehicles were delivered in the three months ended September 2024, increasing by 11.6% year-over-year
  • Cumulative deliveries reached 598,875 as of September 30, 2024

SHANGHAI, Oct. 01, 2024 (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 September and third quarter 2024 delivery results.

The Company delivered 21,181 vehicles in September 2024, representing an increase of 35.4% year-over-year. The deliveries consisted of 20,349 vehicles from the Company’s premium smart electric vehicle brand NIO, and 832 vehicles from the Company’s family-oriented smart electric vehicle brand ONVO. The Company delivered 61,855 vehicles in the third quarter of 2024, a new quarterly record representing an increase of 11.6% year-over-year. Cumulative deliveries reached 598,875 as of September 30, 2024.

On September 19, 2024, ONVO’s first model, the L60, a mid-size family smart electric SUV was launched. The L60 leverages NIO’s accumulation in smart and electric technologies, smart manufacturing, power network and supply chains. It embodies ONVO’s philosophy of bringing happiness and value for money to family users. By offering a spacious design, enhanced safety features and advanced technologies, the L60 maximizes user value while optimizing lifecycle ownership costs. Deliveries of the L60 started in late September 2024.

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, and family-oriented smart electric vehicles through the ONVO 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 September 2024?

NIO delivered 21,181 vehicles in September 2024, representing a 35.4% increase year-over-year.

What was NIO's total delivery count for Q3 2024?

NIO delivered a total of 61,855 vehicles in the third quarter of 2024, achieving a new quarterly record with an 11.6% year-over-year increase.

When did NIO start deliveries of the ONVO L60 model?

NIO started deliveries of the ONVO L60, a mid-size family smart electric SUV, in late September 2024.

What is NIO's cumulative delivery count as of September 30, 2024?

NIO's cumulative deliveries reached 598,875 vehicles as of September 30, 2024.

NIO Inc. American depositary shares, each representing one

NYSE:NIO

NIO Rankings

NIO Latest News

NIO Stock Data

9.76B
2.04B
2.49%
9.96%
8.94%
Auto Manufacturers
Consumer Cyclical
Link
United States of America
Shanghai