A new wave of models is entering the market.
May 1, 2023 at 2:20 p.m. ET
NIO increased its global electric vehicle deliveries again in April. Last month, the Chinese premium electric vehicle start-up delivered 6,658 cars, which is about 31 percent more than a year ago.
That’s a positive sign, especially since there’s more to come at the end of the year, when the new wave of models will finally hit the market.
NIO also reports that its sales include 1,713 crossovers/SUVs and 4,945 sedans.
The vast majority of NIO’s sales are in China.
The company no longer provides a breakdown between individual models, but mentioned that the majority of deliveries were attributed to the ET5 and ES7.
NIO EV deliveries last month:
- Crossover/SUV (EC6, ES6, EC7, ES7, ES8): 1,713 (down 61% year-on-year)
- Sedans (ET5, ET7): 4,945 (up 614% year-on-year)
- Total: 6,658 (31% more year-on-year)
So far this year, NIO has delivered more than 37,000 electric vehicles, which is more than 22 percent more than a year ago.
The decline in crossover/SUV sales by almost 60% year-on-year is quite worrying, but as we understand it, it is related to the shift to new generation vehicles. In other words, it could be temporary.
NIO EV deliveries to date:
- Crossover/SUV (EC6, ES6, EC7, ES7, ES8) YTD: 12,143 (down 60% year-on-year)
- Sedans (ET5, ET7) YTD: 25,556 (from 856 a year ago)
- Total YTD: 37,699 (up 22% year-on-year)
For reference, in 12 months of 2022, NIO sold more than 122,000 electric cars worldwide:
Cumulatively, NIO sold 327,255 electric cars (the 300,000th car was produced on December 12).
NIO is in a transition period from the NIO Technology (NT1.0) platform (EC6, ES6, ES8) to the new NT2.0 platform, which includes the ES7 (in Europe known as EL7) and ET5 models.
In April, NIO started delivery of the new EC7 model and presented an all-new ES6 at the Shanghai Motor Show. Customer deliveries of the ES6 should begin in May, a month before the new ES8.
“Derived from NT2.0, the All-New ES6 will deliver user experiences beyond expectations in terms of design, performance, comfort, intelligence, security and sustainability.”
At the recent Shanghai Auto Show, NIO also unveiled the 2023 model year ET7 flagship sedan, which will enter the market this month.
“The 2023 ET7 features more than 15 product upgrades, offering users a more comfortable ride and driving experience, a more refined interior and a more intuitive digital experience.”
All the changes in the model line are expected to lead to a significant increase in sales, something NIO really needs.
NIO Technology Platform (NT1.0):
NIO Technology Platform (NT2.0):
- Crossover/SUV: ES7 [n Europe known as EL7]EC7, new ES8 (from June), new ES6 (from May) [EL6 in Europe]
- Sedans: ET5, ET7
