NIO's Oct. vehicle deliveries tumble 27.5% YoY due to car plant restructuring

Shanghai (Gasgoo)- NIO announced on Monday it delivered 3,667 new vehicles in October 2021, representing a 27.5% decrease year-over-year and a 65.5% slump month-over-month mainly due to the retooling of the production lines at its Hefei manufacturing base.

The company said its deliveries in October was largely impacted by reduction in production volume as a result of the restructuring and upgrades of production lines and the preparation of new products introduction from September 28 to October 15, as well as supply chain volatilities.

NIO revealed the production of the ES8 was resumed towards the end of October.

The startup's new car deliveries for October consisted of 218 ES8s, 2,528 ES6s, and 921 EC6s.

In spite of the production and supply chain issues, the startup's new order volume still hit an all-new high last month thanks to rising user demands, said NIO.

By the end of October 2021, the EV manufacturer had delivered 145,703 vehicles in total.

Actually, NIO warned of its sales decrease last week in a notification to its users. The company said then it would delay the delivery of some vehicles, which were supposed to be handed over to buyers in October, as its car production was affected by the aforesaid facility retooling.

The company would offer extra App credits as the compensation to the users who were affected.

In October, NIO added one NIO House, 81 battery swap stations, 78 supercharging stations, as well as 30 plus destination charging stations. On Oct. 30, NIO launched its 1,000th charging station in China.