Written by Cláudio Afonso | LinkedIn | X
Electric vehicle maker Nio registered 15 units in Germany in October, its lowest level since February 2023, when it recorded just 13 units.
According to the German Federal Motor Transport Authority, the registrations of the Shanghai-based EV maker plunged 95% year over year — or 274 units — and 31.8% sequentially.
Globally, the Nio Group delivered a total of 20,976 electric vehicles in October including 4,319 units of its sub-brand Onvo and 16,657 vehicles of the Nio brand.
A total of 35,491 new battery electric vehicles (BEVs) were registered in Germany last month, marking a 4.9% year-over-year decline and representing a market share of 15.3%.
Lucid registered 129 units of its debut model, the Lucid Air, while XPeng recorded 100 vehicles, Tesla 1,614, and VinFast 20 units.
Registrations of hybrid vehicles rose to 85,009 units, a 15.0% increase year-on-year, with plug-in hybrids accounting for 19,337 of those, marking an 18.2% increase. Plug-in hybrids represented 8.3% of the market.
Last week, Nio said it is adding its smaller and cheapest sedan, the Nio ET5, to the line-up of models available for German taxi fleets.
In addition to the ET7 sedan, taxi drivers in Berlin, Munich, Frankfurt, and Hamburg will now be able to lease the sedan unveiled at the company’s annual event in December 2021.
As part of its entry into the taxi sector, Nio announced in July a partnership with the ride-hailing platform Freenow, offering specific pricing conditions for operators integrating Nio vehicles into their fleets.
According to the latest weekly insurance data shared earlier this Tuesday, Nio registered 4,400 units under the Nio brand last week in China, marking a 4.4% increase week over week.
The sub-brand Onvo recorded 1,300 units from October 28 to November 3, up from 1,200 units in the previous week.
Onvo, which started deliveries of its first model on September 28, is now ramping up production at the Nio factory aiming to deliver 10,000 units in December and 20,0000 in March next year.
Written by Cláudio Afonso | LinkedIn | X
