NIO Inc. Provides April 2020 Delivery Update
06 May 2020 - 6:00PM
NIO Inc. (“NIO” or the “Company”) (NYSE: NIO), a pioneer in China’s
premium smart electric vehicle market, today provided its April
2020 delivery results.
NIO delivered 3,155 vehicles in April 2020,
representing a strong consecutive growth of 105.8% month over month
and a 180.7% growth year over year. The deliveries consisted of
2,907 ES6s, the Company’s 5-seater high-performance premium smart
electric SUV, and 248 ES8s, the Company’s 7-seater high-performance
premium smart electric SUV and its 6-seater variant. The Company
commenced deliveries of the all-new ES8 with more than 180
improvements on April 19, 2020. As of April 30, cumulative
deliveries of the ES8 and the ES6 reached 38,906 vehicles, of which
6,993 were delivered in 2020.
“In April, we achieved record-high monthly ES6
deliveries since June 2019, and deliveries of the all-new ES8 had
also been well on track,” said William Bin Li, founder, chairman,
and chief executive officer of NIO. “These results were mainly
contributed by the recovering production and delivery capabilities.
Meanwhile, we have witnessed strong order growth momentum driven by
the increasing recognition of our competitive products, exceptional
services, and particularly the battery swapping technologies by our
existing and potential users.”
Steven Feng, chief financial officer of NIO,
added, “As we continue to expand our sales network through the
launch of more efficient NIO Spaces, we now have 105 points of
sales in operation in China, promoting our brand and products to a
growing number of regions and communities. Additionally, with the
positive order and delivery momentum, we remain committed to
further improving our gross margin and operational efficiency.”
About NIO Inc.
NIO Inc. is a pioneer in China’s premium
electric vehicle market. Founded in November 2014, NIO’s mission is
to shape a joyful lifestyle by offering premium smart electric
vehicles and being the best user enterprise. NIO designs, jointly
manufactures, and sells smart and connected premium electric
vehicles, driving innovations in next generation technologies in
connectivity, autonomous driving and artificial intelligence.
Redefining the user experience, NIO provides users with
comprehensive, convenient and innovative charging solutions and
other user-centric services. NIO began deliveries of the ES8, a
7-seater high-performance premium electric SUV in China in June
2018, and its variant, the 6-seater ES8, in March 2019. NIO
officially launched the ES6, a 5-seater high-performance premium
electric SUV, in December 2018 and began the first deliveries of
the ES6 in June 2019. NIO officially launched the EC6, a 5-seater
smart premium electric coupe SUV, in December 2019 and plans to
commence deliveries in 2020.
Safe Harbor Statement
This press release contains statements that may
constitute “forward-looking” statements pursuant to the “safe
harbor” provisions of the U.S. Private Securities Litigation Reform
Act of 1995. These forward-looking statements can be identified by
terminology such as “will,” “expects,” “anticipates,” “aims,”
“future,” “intends,” “plans,” “believes,” “estimates,” “likely to”
and similar statements. Among other things, quotations from
management in this announcement, as well as NIO’s strategic and
operational plans, contain forward-looking statements. NIO may also
make written or oral forward-looking statements in its periodic
reports to the U.S. Securities and Exchange Commission (the “SEC”),
in its annual report to shareholders, in press releases and other
written materials and in oral statements made by its officers,
directors or employees to third parties. Statements that are not
historical facts, including statements about NIO’s beliefs, plans
and expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties. A number of
factors could cause actual results to differ materially from those
contained in any forward-looking statement, including but not
limited to the following: NIO’s strategies; NIO’s future business
development, financial condition and results of operations; NIO’s
ability to develop and manufacture a car of sufficient quality and
appeal to customers on schedule and on a large scale; its ability
to grow manufacturing in collaboration with partners; its ability
to provide convenient charging solutions to its customers; its
ability to satisfy the mandated safety standards relating to motor
vehicles; its ability to secure supply of raw materials or other
components used in its vehicles; its ability to secure sufficient
reservations and sales of the ES8 and ES6; its ability to control
costs associated with its operations; its ability to build the NIO
brand; general economic and business conditions globally and in
China and assumptions underlying or related to any of the
foregoing. Further information regarding these and other risks is
included in NIO’s filings with the SEC. All information provided in
this press release is as of the date of this press release, and NIO
does not undertake any obligation to update any forward-looking
statement, except as required under applicable law.
For more information, please visit:
http://ir.nio.com
For investor and media inquiries, please
contact:
NIO Inc.
Investor Relations
Tel: +86-21-6908-2018
Email: ir@nio.com
Source: NIO
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