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China’s NIO delivered 3,533 vehicles in July 2020

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China’s NIO delivered 3,533 vehicles in July 2020, representing a 322.1% growth year-over-year. On July 24, 2020, NIO began taking production orders for the 5-seater premium smart electric coupe SUV. The EC6 deliveries will commence in September 2020.

William Bin Li, founder, chairman, and chief executive officer of NIO, says: “In July, we are pleased to have achieved the second-highest monthly delivery results despite the impact on productions due to a 5-day suspension of manufacturing to prepare for EC6 productions and other flood-related supply chain challenges.”

He adds: “More proudly, we have achieved a record-high monthly order growth, attributed to a stronger demand of the ES8 and ES6, together with the increasing EC6 orders, thanks to the continuous support of our users. We believe we will be able to increase our production capacity significantly to support higher deliveries in the third quarter of 2020.”

Steven Feng, chief financial officer of NIO, state: “NIO now offers three competitive high-performance smart electric SUV models to meet the diversified needs of users in the premium sector of the auto industry in China. We are very confident that the ES8, ES6, and EC6 are complementary to each other and will aggressively gain larger market shares from both ICE and electric vehicle market.”

Nio also announced that it delivered 17,702 vehicles in 2020 in total, an increase of 111.3% year-over-year.