Nio delivered 23,520 vehicles in the second quarter, above the lower end of the guidance range of 23,000 to 25,000 vehicles.
Nio (NYSE: NIO) deliveries rebounded to more than 10,000 units as new models, including the new ES6, ET5 Touring and new ES8, began to be delivered.
The electric vehicle (EV) maker delivered 10,707 vehicles in June, up 73.96 percent from 6,155 in May, although down 17.39 percent from 12,961 in the same month last year, according to data released today.
The delivery included 6,383 SUVs, and 4,324 sedans, Nio said, without disclosing figures for specific models.
In the second quarter, Nio delivered 23,520 vehicles, down 6.14 percent from 25,059 in the same period last year and down 24.23 percent from 31,041 in the first quarter.
The second quarter deliveries were slightly above the lower end of the guidance range of 23,000 to 25,000 vehicles it provided on June 9. Nio guided at the time that total revenue for the second quarter would be between RMB 8.742 billion ($1.2 billion) and RMB 9.37 billion.
In the first half of the year, Nio delivered 54,561 vehicles, up 7.35 percent year-on-year.
As of June 30, Nio's cumulative vehicle deliveries reached 344,117 units.
Nio management previously mentioned that the company's goal is to double deliveries this year from last year's 122,486 units.
The figures released today mean that Nio will need to deliver an average of about 32,000 vehicles per month in the second half of the year if it is to achieve that goal.
Nio's delivery rebound in June was helped by the start of deliveries of several new models, particularly the new ES6, which is crucial to it.
The company launched the new ES6, based on the NT 2.0 platform, in China on May 24, and its deliveries began that night.
(Image credit: CnEVPost)
The new ES6 is currently available in only one version in China, starting at RMB 338,000 including batteries, the cheapest Nio SUV.
NIO's overall new order intake hit a year-to-date high, boosted by the launch of the new ES6, Morgan Stanley analyst Tim Hsiao's team said in a research note sent to investors on June 5.
Hours after the ET5 Touring was launched in China, Nio rolled out the model as well as the EL6, known as the new ES6 in China, in Europe .
Both models will be available in Germany, the Netherlands, Sweden, Denmark and Norway, and deliveries will both begin in the fourth quarter in Europe.
On June 28, Nio began deliveries in China of the new ES8, the flagship SUV launched on Nio Day 2022, December 24, 2022.
($1 = RMB 7.2523)