NIO announces its July sales figures, with record high delivery volume.

NIO announced the delivery numbers for July, with a total of 3,533 vehicles delivered. Of the total, 923 were ES8s and 2,610 were ES6s.

Nio July Deliveries

As of July, NIO has delivered 49,615 ES8s and ES6s since their launch, with 17,702 deliveries made in 2020.

Although the number of deliveries in July decreased compared to June’s 3,740, it’s worth noting that deliveries of the new ES8 stayed steady at around 1,000 units, and the increased volume of ES8 deliveries is favorable for the gross profit.

During the Chengdu Auto Show, Li Bin stated that gross profit in Q2 will definitely turn positive, waiting to see the Q2 financial report.

Another highlight is that the number of new orders in July hit a new historical high, which might be related to the announcement of EC6’s selling price or the continued growth of ES6. Actual order volume remains to be seen.

In the Q1 financial report, NIO revealed that the factory in Hefei can currently produce 4,000 cars in a single shift (15 jobs per hour, working 10 hours per day), but the bottleneck is currently supply chain-related and the actual production is around 3,400-3,500 units.

NIO’s current plan is to increase the production capacity of the entire industry chain to 4,500-5,000 units between August and September. Therefore, after the production capacity bottleneck is lifted, everyone is betting whether NIO will deliver more than 4,000 vehicles in August, or even 4,500?

Furthermore, as of today, NIO has opened 136 stores across the country, including 22 NIO Centers and 114 NIO Spaces, and has covered 87 cities nationwide. With regard to battery swap stations, 141 stations have been built and cover 64 cities.

Nio Stores and Battery Swap Stations

This article is a translation by ChatGPT of a Chinese report from 42HOW. If you have any questions about it, please email bd@42how.com.