- Nio's November exports declined 2.78 percent from October but still marked the second-highest volume this year.
- In the domestic Chinese market, Nio's November retail sales totaled 35,856 units, down 10.28 percent from October's 39,966 units.
Nio Inc (NYSE: NIO, HKG: 9866) maintained relatively stable vehicle exports last month as its global business expansion continues.
The Chinese electric vehicle (EV) maker exported 419 vehicles in November, down 2.78 percent from October's 431 units, yet still the second-highest monthly figure this year, according to data released today by the China Passenger Car Association (CPCA).
In the domestic Chinese market, Nio's retail sales in November totaled 35,856 units, a 10.28 percent decrease from October's 39,966 units.
Nio Inc delivered 36,275 vehicles in November, its second-highest on record after October's 40,397 units, according to data released on December 1.
This represents a 76.31 percent increase from the 20,575 units delivered in the same period last year, but a 10.20 percent decrease from October.
These deliveries comprised 18,393 units of the Nio main brand, 11,794 units of Onvo, and 6,088 units of Firefly.
In overseas markets, Nio Inc is increasingly shifting toward its Onvo and Firefly sub-brands, as the higher pricing of the Nio main brand makes its vehicles less competitive.
Firefly was gradually entering overseas markets and would expand into more countries and regions across Europe and Asia, company management said during an earnings call on November 25.
On November 7, Nio announced that a shipment of Firefly EVs departed from Shanghai's Waigaoqiao Port bound for Europe, marking accelerated progress in Firefly's global expansion.
