Nio said the production and delivery of its vehicles have been limited by operational challenges at its plants and supply chain fluctuations due to the Covid-19 incident in certain areas of China.
Nio delivered 10,059 vehicles in October, down 7.5 percent from 10,878 in September and up 174.31 percent from 3,667 in the same month last year, according to data released today.
That delivery volume included 5,979 SUVs, including 2,814 ES7s, and 4,080 electric sedans, including 3,050 ET7s and 1,030 ET5s.
Nio currently sells six models in China, including three SUVs based on the NT 1.0 platform -- ES8, ES6 and EC6 -- and three models based on the NT 2.0 platform -- ES7, ET7 and ET5.
The company did not release a breakdown of deliveries for models based on the NT 1.0 platform, though calculations show they delivered a total of 3,165 units in October.
Nio said the production and delivery of its vehicles have been limited by operational challenges at its plants and supply chain fluctuations due to the Covid-19 situation in certain areas of China.
From January to October, Nio delivered 92,493 units, up 32 percent from 70,062 units in the same period last year.
As of October 31, cumulative deliveries of Nio vehicles reached 259,563 units.
In October, Nio unveiled the ET7, EL7 and ET5 for the European market at the Nio Berlin 2022 event. The ES7 is called EL7 in Europe.
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 its vehicle sales, Nio said.
The vehicles under Nio Subscription in Europe are recognized as assets on Nio's balance sheet but not counted towards the announced delivery volume, the company said.
Related posts on CnEVPost
