In July, NIO, the renowned electric vehicle manufacturer, experienced a remarkable surge in global electric car deliveries, surpassing all previous records and signaling a critical growth phase amid its transition to the NT2.0 platform.
Last month, the company delivered an impressive 20,462 electric vehicles, demonstrating a staggering 104 percent increase compared to the same period last year. This marks the first time NIO’s monthly deliveries have surpassed the 20,000 mark, leaving behind the previous record of 15,815 vehicles set in December 2022.
The majority of NIO’s sales continue to be in its home market of China. However, the company is actively expanding its business operations in Europe as well.
Breaking down the numbers, the delivery volume in July comprised 14,066 crossovers and SUVs, representing an 86 percent year-over-year increase, and 6,396 sedans, experiencing an impressive 159 percent year-over-year growth.
While NIO does not provide a specific model breakdown, it was evident that the second-generation ES6 model, based on the NT2.0 platform, achieved a remarkable feat by accounting for over 10,000 units sold, approximately half of the total volume. Notably, this model was introduced to the Chinese market in May.
However, the remaining crossover/SUV models (EC6, EC7, ES7, ES8) collectively accounted for slightly less than 4,066 units, marking a comparatively moderate result.
Year-to-date, NIO has delivered over 75,000 electric vehicles, reflecting a solid 23 percent increase compared to the same period last year. The breakdown reveals that crossover/SUV deliveries reached 34,988 units, a 32 percent decrease year-over-year, while sedans showed an impressive 327 percent surge, reaching 40,035 units.
Since its inception, NIO has cumulatively sold an impressive 364,579 electric cars, with the company’s 300,000th car being produced on December 12.
As of mid-2023, NIO boasts a diverse and relatively recent lineup of all-electric cars, which bodes well for potential sales results in China. While some models are exported to Europe, the export scale remains relatively modest compared to domestic sales.
A noteworthy aspect of NIO’s electric cars is their compatibility with the company’s proprietary battery swap stations. As of July 30, 2023, the company’s network has expanded to 1,600 stations, effectively covering main routes and metropolitan areas.
Looking ahead, NIO has ambitious plans to further expand its battery swap station network, aiming to install more than 2,300 stations by the end of 2023, with 700 of them scheduled for installation in the second half of the year.
The significant increase in July’s electric car deliveries sets a positive tone for NIO’s growth trajectory, solidifying confidence in its transition to the NT2.0 platform and strengthening the company’s position in the global electric vehicle market.