The electric vehicle maker NIO announced on Friday that delivered a total of 12,961 units in June 2022, representing an increase of 60.3% when comparing to the same period in 2021 when delivered 8,083 vehicles (+95.3% vs 2020).
The EV maker delivered a total of 25,059 vehicles in the second quarter of 2022, up 14.4% year-over-year.Cumulative deliveries of NIO vehicles reached 217,897 as of June 30, 2022
The deliveries consisted of 8,612 premium smart electric SUVs, including 1,684 ES8s, 5,100 ES6s and 1,828 EC6s, and 4,349 ET7s, the Company’s flagship premium smart electric sedan. NIO delivered 25,059 vehicles in the second quarter of 2022, increasing by 14.4% year-over-year. Cumulative deliveries of NIO vehicles reached 217,897 as of June 30, 2022.
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On June 15, 2022, NIO unveiled the ES7, a brand new mid-large five-seater smart electric SUV. The ES7 is the first SUV product based on NIO Technology 2.0 (NT2.0), the latest technology platform of the Company. NIO also launched the 2022 ES8, ES6 and EC6 equipped with the upgraded digital cockpit domain controller and sensing suite, enhancing the computing and perception capabilities as well as digital experience of the vehicles. The Company expects to start deliveries of the ES7 and the 2022 ES8, ES6 and EC6 in August 2022.
In 2021, NIO delivered 91,429 units reaching another consecutive year where it can double the vehicles sales. From 2019 to 2020, the EV maker increased its deliveries by 112.6% with 43,728 units delivered. In 2021, the company sold 91,429 units achieving another 109% increase from the previous year
On Wednesday, JP Morgan analyst Nick Lai issued a note about NIO after the short seller report released by Grizzly Research on Tuesday. The analyst explained that this system used by NIO and Weineng is similar to the one used by OEMs when it comes to vehicle financing and that “every battery held by Wuhan Weineng has a corresponding underlying subscriber”.
The firm remains positive on NIO believing that the company’s vehicle margin will “hit a trough of ~15.5% in Q2 2022 but rebound strongly to ~18-19%” in the second half of 2022.
Last week, NIO said on Twitter that it would enter the Dutch market with its sedan model NIO ET7 in the last quarter of the year. When asked which vehicles will be available in the last quarter of the year in the Netherlands, NIO answered, “We will start with the ET7 in the Netherlands”.
Less than 24 hours later, the official NIO Deutschland account deleted the tweet saying they “mixed the information” and that the sedan NIO ET7 will be available in Germany in Q4 2022. When it comes to all the other markets (The Netherlands included), enthusiasts may “stay tuned for more information”.