NIO Delivered 10,059 Vehicles in October 2022, up 174.3% Year-Over-Year

Tiger Newspress2022-11-01

NIO Inc., a pioneer and a leading company in the premium smart electric vehicle market, today announced its October 2022 delivery results.

NIO delivered 10,059 vehicles in October 2022, representing an increase of 174.3% year-over-year. The deliveries consisted of 5,979 premium smart electric SUVs including 2,814 ES7s, and 4,080 premium smart electric sedans including 3,050 ET7s and 1,030 ET5s. The vehicle production and delivery were constrained by operation challenges in our plants as well as supply chain volatilities due to the COVID-19 situations in certain regions in China. Cumulative deliveries of NIO vehicles reached 259,563 as of October 31, 2022.

In October, NIO unveiled ET7, EL7 and ET5 for the European markets at the NIO Berlin 2022. These products are gradually made available for order in Norway, Germany, the Netherlands, Denmark and Sweden through NIO Subscription, leasing programs, and direct sales to users.

The announced delivery volume represents vehicle deliveries through direct sales to users as well as to the leasing program partner in Europe in accordance with the revenue recognition policy of the Company’s vehicle sales. The vehicles under NIO Subscription in Europe are recognized as assets on the Company’s balance sheet but not counted towards the announced delivery volume.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • FGP
    2022-11-01
    FGP
    Well done NiO, keep up the great work👍
  • telurbenedic
    2022-11-01
    telurbenedic
    disappointed 
  • The Knight
    2022-11-01
    The Knight
    It is a matter of time that Nio will be the 2nd       player for EV in China especially they are            preparing to enter Europe market. Let the Tiger 🐯 starts to roar. Cheers.
  • Eddielkh
    2022-11-01
    Eddielkh
    Like
  • Khoo12
    2022-11-01
    Khoo12
    Yea
  • rL
    2022-11-01
    rL
    🚀🚀🚀
    • rL
      Keep track of them since last yr. Buy sell buy sell still lose miney but still have faith in them[Facepalm]
    • rL
      Wa u check on me ah [Facepalm]
    • LMSunshine
      Looks like you’re a Nio supporter! You deleted your topic post after posting? Cant find it on your homepage to like
    • Eddielkh
      K
Leave a comment
7