NIO continues to show solid growth despite the clear economic challenges of 2020. The Chinese EV startup announced its July deliveries this week and shared that the July 2020 figure was 322.1% higher than the July 2019 figure.
NIO sales more than doubled year over year in May, but it was still blown away by the Tesla Model 3.
Fresh from Shenzhen where NIO unveiled its new EC6 and an updated ES8 at its packed NIO Day, the company also announced its Q3 earnings before the end of the calendar year. Despite a tumultuous 2019 in which NIO maneuvered the end of Chinese electric vehicle (EV) subsidies and a battery recall (partly due to the battery company), it managed to increase sales towards the end of the year.
CleanTechnica was in the middle of a wild crowd of NIO fans tonight waiting for the rumors to be confirmed, and we weren’t disappointed. The new NIO EC6 electric crossover, presumably aimed at the Model Y market, was revealed with fanfare. That joins the ES6 and ES8.
