NIO Inc. (“NIO” or the “Company”) (NYSE: NIO), a pioneer in China’s premium electric vehicle market, today provided its third quarter 2019 delivery results.
NIO delivered 4,799 vehicles in the third quarter, increasing 35.1% from the second quarter and exceeding the middle point of the Company's guidance range significantly by 499 vehicles, or 11.6%. The deliveries consisted of 4,196 ES6s, the Company's 5-searter high-performance premium electric SUV, and 603 ES8s, the Company's 7-seater high-performance premium electric SUV and its 6-seater variant. Deliveries in September were 2,019 vehicles, including 1,726 ES6s and 293 ES8s. As of September 30, 2019, aggregate deliveries of the Company’s ES6 and ES8 reached 23,689 vehicles, of which 12,341 vehicles were delivered in 2019.
“Third quarter deliveries exceeded the top end of our guidance range as production and deliveries of our ES6 continued to ramp up after its initial launch in June,” said William Li, founder, chairman and chief executive officer of NIO. “September deliveries in particular were positively impacted by expedited shipments ahead of China’s national day holiday. In addition to the solid sequential improvement in our delivery numbers, we have seen accelerated growth of our order backlog since September supported by a more expansive sales network.
“Facing unfavorable economic conditions and auto industry trends, we drive forward by committing to outstanding products and excellent services. At the end of September, we began offering the ES6 standard version at more competitive retail prices. In addition, we will start deliveries in October of the ES6 and ES8 with an 84-kWh battery pack that extends the NEDC driving range to 510 km and 430 km respectively. We plan to further enhance our offerings in an effort to accelerate orders and deliveries, going forward,” Mr. Li concluded.
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