- Nio's June deliveries marked a new high for the year and the second-highest on record.
- In the second quarter, Nio Inc delivered 72,056 vehicles, within the guidance range of 72,000 to 75,000 vehicles.
Nio Inc (NYSE: NIO) maintained strong delivery volumes last month as its main models completed updates.
The Chinese electric vehicle (EV) maker delivered 24,925 vehicles in June, marking a new high for this year and the second-highest on record, according to data released today.
This represents a year-on-year increase of 17.52 percent and a month-on-month increase of 7.29 percent.
The Nio main brand, targeting the premium market, delivered 14,593 vehicles in June, a year-on-year decrease of 31.19 percent, but a month-on-month increase of 9.97 percent.
The Onvo brand, targeting the family car market, delivered 6,400 vehicles in June, a month-on-month increase of 1.89 percent.
The small premium EV brand Firefly delivered 3,932 vehicles, up 6.85 percent from May.
Nio's main brand launched the updated ES6 SUV (sport utility vehicle) and EC6 coupe SUV on May 16, and the updated ET5 sedan and ET5 Touring wagon on May 25.
Onvo currently only offers the L60 SUV, which was launched in September 2024. The Nio sub-brand is expected to begin pre-sales of its second model -- the flagship L90 three-row SUV -- next week.
Firefly launched a BaaS (battery as a service) purchasing plan on June 24, lowering the starting price to RMB 79,800 ($11,140), a reduction of over 30 percent compared to the starting price including the battery pack.
Second-quarter delivery guidance met
In the second quarter, Nio Inc delivered 72,056 vehicles, within the guidance range of 72,000 to 75,000 units.
Deliveries for the quarter increased by 25.59 percent year-on-year and up by 71.18 percent quarter-on-quarter.
The Nio main brand delivered 47,132 vehicles in the second quarter, a year-on-year decrease of 17.85 percent, but a 72.56 percent increase from the first quarter.
Onvo delivered 17,081 vehicles in the second quarter, a 15.56 percent increase from the first quarter.
Firefly delivered 7,843 vehicles in the second quarter. The Nio sub-brand launched its first model, the Firefly EV, on April 19 and began its first deliveries on April 29.
Achieving annual target is challenging
In the first half of the year, Nio Inc delivered 114,150 vehicles, a year-on-year increase of 30.57 percent.
The company's management previously said that it was confident in doubling its annual delivery volume in 2025 compared to 2024. This means Nio Inc aimed to deliver 443,940 vehicles in 2025.
To achieve this target, Nio Inc would need to average about 55,000 deliveries per month in the second half of the year, which appears challenging to achieve.
The Nio main brand delivered 74,445 vehicles in the first half of the year, a year-on-year decrease of 14.85 percent.
Onvo delivered 31,862 vehicles in the first half of the year, while Firefly delivered 7,843 vehicles.
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