- Nio sold 47,385 vehicles in China's domestic market in December, ranking 9th in the NEV market.
- Nio plans to use Firefly as its pioneer brand for exploring international markets.
Nio Inc (NYSE: NIO, HKG: 9866) saw significant export growth last month while maintaining robust domestic sales.
The Chinese electric vehicle (EV) maker exported 750 vehicles in December, a 79.00% increase from November's 419 units, according to data released today by the China Passenger Car Association (CPCA).
This represents the highest recorded figure in CPCA's published data.
Nio Inc sold 47,385 vehicles in China's domestic market in December, ranking ninth in the new energy vehicle (NEV) market. This places it below Xiaomi EV's 50,212 units but above Leapmotor's (HKG: 9863) 47,056 units.
Nio reported earlier this month that it delivered a record 48,135 vehicles in December.
Leapmotor -- which offers battery electric vehicles (BEVs) and extended-range electric vehicles (EREVs) -- delivered 60,423 vehicles in December, including 13,367 units for export.
| Automaker | NEV Retail Sales |
|---|---|
| BYD | 339,854 |
| Geely | 135,989 |
| Tesla China | 93,843 |
| HIMA | 89,611 |
| SAIC-GM-Wuling | 68,777 |
| Changan | 61,630 |
| Chery | 51,723 |
| Xiaomi EV | 50,212 |
| Nio | 47,385 |
| Leapmotor | 47,056 |
| Li Auto | 44,246 |
| Dongfeng | 37,300 |
| GAC Aion | 35,489 |
| GWM | 32,861 |
| Xpeng | 32,273 |
| SAIC Passenger Vehicle | 27,648 |
| Arcfox | 24,834 |
In overseas markets, Nio Inc is increasingly relying on its Firefly sub-brand, believing this premium compact EV brand -- priced lower and better suited for urban mobility -- holds greater commercial viability abroad.
Nio will focus on the Chinese market this year while steadily expanding globally, using Firefly as its pioneer brand for international exploration, company management told media outlets including CnEVPost on Tuesday after celebrating the rollout of its 1-millionth vehicle.
The company aims to expand its international footprint to 40 countries and regions by year-end, Nio management told media on Tuesday.
Nio Inc will only enter a new market when commercial viability is assured, and Firefly models can achieve this in most markets, said Nio founder, chairman, and CEO William Li.
