Smart and Sustainable Electric Mobility
A solid order backlog and improving production ramp bode well for Nio's ongoing operational recovery and rising sales, Morgan Stanley said.
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Following a price cut and a slew of new models, Nio's sales efficiency has improved materially and should maintain this level of demand for at least the rest of the third quarter, said Edison Yu's team.
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Nio broke sales records for the company, selling more than 20,000 units a month for the first time. And the monthly sales of one ES6 SUV model exceeded 10,000.
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In the January-July period, Nio delivered 75,023 vehicles, a year-on-year increase of 23.23 percent.
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Li Auto sold 32,500 vehicles from July 1 to July 30, Nio 18,100 and Xpeng 11,600 vehicles.
The post China EV insurance registrations for week ending Jul 30: Tesla 10,600, Li Auto 7,900, Nio 5,400, Xpeng 3,800 appeared first on CnEVPost.
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As of July 31, Nio had 130 Nio Houses and 282 Nio Spaces worldwide.
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Nio will no longer offer the RMB 30,000 option package that included free battery swap service, making the free service a thing of the past.
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Nio added 95 battery swap stations in July, bringing the facility's total to 1,638 in China.
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The Nio Hub will showcase all of Nio's models that have been launched in Europe and will support vehicle purchase, delivery, and maintenance.
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While many are excited, a new factor that could affect deliveries in recent days needs attention.
The post Can Nio deliver over 20,000 in Jul? This discussion has been all over social media appeared first on CnEVPost.
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