Chinese electric vehicle maker NIO provided its March 2020 delivery results. NIO delivered 1,533 vehicles in March 2020, representing a robust 116.8% month-over-month growth mainly contributed by our recovering production capacity.
The deliveries consisted of 1,479 ES6s, the Company’s 5-seater high-performance premium electric SUV, and 54 ES8s, the Company’s 7-seater high-performance premium electric SUV and its 6-seater variant.
NIO plans to commence deliveries of the all-new ES8 with more than 180 improvements in April 2020. As of March 31, 2020, cumulative deliveries of the ES8 and the ES6 reached 35,751 vehicles, of which 3,838 vehicles were delivered in the first quarter of 2020, 9.7% higher than the middle point of the Company’s delivery guidance for the first quarter of 2020.
“We are pleased to see the gradual recovery of our production in March, with special thanks to the great support from our supply chain partners since the second half of March,” said William Bin Li, founder, chairman and chief executive officer of NIO. “In parallel with our continued online sales efforts, our in-store visits have also witnessed a gradual pickup. With the continuous support from our loyal user community, we have seen increasing order backlog since February.”
Steven Feng, chief financial officer of NIO, added, “As the COVID-19 outbreak is largely brought under control in China at this stage, we will continue working closely with our supply chain partners to resume normal productions. Meanwhile, we remain committed to roll out NIO Spaces and integrate online and offline sales channels to further boost our order growth.”
