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NIO ES8 Nov. deliveries soar 96% month on month to 3,089 units

Monika From Gasgoo| December 04 , 2018

NIO ES8 Nov sales, NIO ES6 presale, Tesla China Oct. sales, China auto sales

Shanghai (Gasgoo)- China-based NIO delivered 3,089 ES8s last month, achieving a significant month-on-month (MoM) growth of 96%. By the end of November, the EV startup handed over a total of 8,030 vehicles, according to local media.

NIO launched the presale of its second mass-produced BEV model—the ES6 on December 1 with price starting from RMB370,000. The company is ready to officially unveil the ES6 at the NIO Day 2018 held on December 15.

On November 27, the company saw its 10,000th ES8 formally roll off the production line. It is expected that NIO's annual sales will exceed 10,000 units this year if everything goes well.

As the bellwether among BEV markers and NIO's target, Tesla saw a substantial sales plunge in the world's largest auto market. According to the China Passenger Car Association (CPCA), the U.S.-based EV marker's sales in China reached only 211 units in October, tumbling 70% year on year. To be specific, the sales of the Model S and the Model X sharply slid 82% and 62% over a year ago to 50 units and 161 units respectively.

To vibrate sales performance in China, Tesla announced on November 22 that it would cut the prices of the Model S and the Model X by 12% to 26% in China from November 22 on to reduce consumers' cost by absorbing more from the tariff caused by the trade friction between China and the U.S. People from automobile industry said the price may be further decreased after the Tesla's cars are locally produced in this country in 2020. 

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