Written by Cláudio Afonso | info@claudio-afonso.com
The electric vehicle manufacturer NIO announced on Friday that delivered a total of 9,985 units in China during March 2022. After delivering 9,652 units in January and another 6,131 in February, the electric vehicle manufacturer had its best month since December reaching a total of 25,768 units in the first quarter of 2022. This was the first month that NIO deliveries also included NIO ET7 beside the already known ES8, ES6 and EC6 models.
March deliveries numbers are in accordance with the guidance given last week by NIO’s CEO William Li, during Earnings Conference call. At the time, Li pointed Q1 2022 deliveries to be between 25,000 and 26,000 units. The 25,768 vehicles delivered during Q1 2022 represent a 2.93% increase quarter-over-quarter. As can be seen on the charts, during the last two quarters (Q4’21, Q1’22) the company had the smallest growth percentages, 2.43% and 2.93%, respectively. Before that, NIO had always a quarterly growth in terms of deliveries always superior than 9.00%. The second quarter will be the first complete quarter including NIO ET7 deliveries (only start 4 days before the end of Q1’22) being expectable to see again a new record for the company.
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 deliveres by 112.6% with 43,728 units delivered. In 2021, the company sold 91,429 units achieving another 109% increase from the previous year. For 2022, NIO‘s CEO said that the ~100% Deliveries growth Year-over-year “is expected to be maintained in 2022”. The ambitious goal would result in an amazing year for the company with ~182,000 units delivered.
Although, after the 25,768 units delivered in Q1 2022, the EV maker will need an average of 52,300 units during the next 3 quarters in order to reach 182,000 units by the end of the year.
During this week, NIO invited 40 journalists and influencers from Sweden and Denmark to visit its NIO House in Oslo (Norway) and test its services, like NIO’s Battery Swap system. On March 28th, the company started to deliver its sedan NIO ET7 in China which orders numbers are not public, alhtough NIO’s CEO William Li Bin said during Earnings Call, that orders are “actually much more” than those reported by media (15,000 units).
Earlier this week, our site unveiled that Blackrock, the world’s largest investment manager, increased its position on NIO during the last quarter of 2021 via iShares ETFs. The company responsible for iShares ETFs is BlackRock, which acquired the brand and business from Barclays in 2009. Blackrock created the first world’s first index strategy more than 30 years ago. Currently, 25 out of the 392 ETFs that iShares has, have a stake on the US-listed Chinese EV maker NIO.
Written by Cláudio Afonso | info@claudio-afonso.com