NIO Inc. Provides April 2020 Delivery Update

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NIO Inc., 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.”

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