NIO Inc. (“NIO” or the “Company”), a pioneer in China’s premium smart electric vehicle market, today provided its August 2020 delivery results.
NIO delivered 3,965 vehicles in August 2020, representing a strong 104.1% year-over-year growth. The deliveries consisted of 2,840 ES6s, the Company’s 5-seater high-performance premium smart electric SUV, and 1,125 ES8s, the Company’s 6-seater and 7-seater flagship premium smart electric SUV. As of August 31, 2020, cumulative deliveries of the ES8 and the ES6 reached 53,580 vehicles, of which 21,667 were delivered in 2020.
“In August, we achieved our best-ever monthly performance on both deliveries and order growth,” said William Bin Li, founder, chairman, and chief executive officer of NIO. “As we continue to improve the production capacity for all NIO products, our monthly capacity will reach 5,000 units in September to support our future deliveries. With the closing of our recently announced ADS offering, we have further enhanced our balance sheet and optimized our capital structure to be better prepared for the acceleration of our core technology development, autonomous driving in particular, and the global market expansion in the future.”
SOURCE: NIO
