Chinese electric vehicle manufacturer Nio experienced a decline in deliveries for January compared to December, following a trend influenced by seasonal factors.
The company reported delivering 10,055 vehicles in January, indicating an 18.21% increase from the previous year but a 44.18% decrease from December’s figure of 18,012, as disclosed in the latest data.
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The January deliveries comprised 6,307 SUVs and 3,748 sedans, although specific model breakdowns were not provided. Nio’s current lineup includes models such as the ES8, ES7, ES6, EC7, EC6, ET7, ET5, and ET5 Touring.
The company recently unveiled its flagship executive sedan, the ET9, during Nio Day 2023 on December 23, commencing pre-sales with deliveries scheduled to commence in Q1 2025. The cumulative deliveries for Nio reached 459,649 units by the end of January.
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January typically witnesses a decrease in car sales in China due to the release of demand at the previous year’s end and the population resting during the Chinese New Year holiday. The 2024 Chinese Lunar New Year holiday spans from February 10 to February 17, following last year’s holiday period from January 21-27, 2023.
