Nio Inc set a new monthly delivery record in December with 31,138 vehicles, marking the first time the electric vehicle maker surpassed the 30,000-unit threshold. Deliveries were up 72.87% from 18,012 units in December 2023 and increased 51.34% compared to November’s 20,575 vehicles.
The Nio main brand accounted for 20,610 deliveries in December, reflecting a 14.42% year-on-year increase and a 33.03% rise from the previous month. Meanwhile, its Onvo sub-brand delivered 10,528 vehicles, a significant growth of 107.16% from November, bolstered by the introduction of its first model, the L60 SUV, in late September.
Fourth-quarter deliveries totaled 72,689 units, within the company’s projected range of 72,000 to 75,000 units. This represents a 45.25% year-on-year increase and a 17.52% sequential growth. For the full year 2024, Nio delivered 221,970 vehicles, up 38.70% from 2023. The Nio main brand contributed 201,209 units, while Onvo added 20,761 to the total.
Cumulative deliveries since Nio’s inception reached 671,564 units by the end of December, including 650,803 vehicles under the Nio main brand and 20,761 from Onvo.
The company aims to double its annual deliveries to 440,000 units in 2025, supported by an upcoming product cycle. New models from both the Onvo and Firefly brands are expected to drive growth, including two SUVs under Onvo planned for next year. The premium Firefly brand launched its first vehicle at Nio Day 2024, alongside the debut of Nio’s flagship ET9 sedan.
Nio continues to position itself as a key player in the electric vehicle market, leveraging an expanded product lineup and increased production capacity to support its growth ambitions.