We are launching a variety of resource pages on major cleantech companies, products, and topics. As a leading electric vehicle and lifestyle startup in China, one of the companies we’re starting with is NIO. We have resource pages on NIO, the NIO ES6, and the NIO ES8 to begin.
NIO delivered 3,740 new cars in June and more than 10,000 cars in the second quarter. Both are company records.
NIO sales more than doubled year over year in May, but it was still blown away by the Tesla Model 3.
NIO has released its delivery figures for December 2019. With deliveries of 3,170 vehicles in December 2019, including 2,537 ES6s and 633 ES8s, the cumulative deliveries of ES8 and ES6 have reached 31,913, spelling good news for the company as it closes a tumultuous year.
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.
When you find yourself in times of trouble, Model 3 comes to thee
Speaking words of wisdom, let it be.
And in this hour of darkness, it is standing right in front of thee
Speaking words of wisdom, let it be.
There seems to be no end to the incentives blues, with the Chinese plug-in market plunging 46% year over year (YoY), and this time both powertrain technologies crashed at the same speed (-47% for BEVs, -46% for PHEVs), a worrying drop, considering the overall market was down just 6% YoY.
There seem to be no end to the end-of-incentives hangover in China, with the Chinese plug-in market dropping a steep 27% year over year (YoY), and plug-in hybrids (PHEVs) crashing 45% YoY last month. Additionally, BEVs finally got dragged into the red ink, dropping a harsh 20% in September. The overall auto market was not so catastrophic, sliding down just 6% YoY.
Nio may be on the way back from the brink of extinction after sales dropped precipitously earlier this year. Its stock, which took a beating in September, is trending upward again.
The end-of-incentives hangover deepened in August for the Chinese plug-in vehicle market, with the market dropping a steep 12% year over year (YoY) and plug-in hybrids (PHEVs) crashing 51%. Amazingly, fully electric vehicles (BEVs) managed to grow, by 4%, a small increase over the 1% growth rate of July, which means BEVs are currently the only ray of light in the Chinese auto market (the overall market also dropped, by 8% YoY).
