Chinese electric vehicle (EV) maker NIO delivered 3,533 cars in July, up by 322.1% year-over-year.
The deliveries consisted of 2,610 ES6s, its 5-seater high-performance premium smart electric SUV, and 923 ES8s, a 6-seater and 7-seater flagship premium electric SUV.
As of July 31, 2020, cumulative deliveries of the ES8 and the ES6 reached 49,615 vehicles, of which 17,702 were delivered in 2020.
On July 24, 2020, NIO announced the pre-subsidy price of the EC6, starting from RMB 368,000, and began taking production orders for the 5-seater premium smart electric coupe SUV.
Nio announces price of EC6 starts at 368,000 yuan before subsidies
Its NEDC range of up to 615 kilometers with the 100 kWh battery pack, excellent driving experience, sporty and stylish design present a highly competitive model for a younger and broader user base. The EC6 deliveries will commence in September 2020.
"In July, we are pleased to have achieved the second-highest monthly delivery results despite the impact on productions due to a 5-day suspension of manufacturing to prepare for EC6 productions and other flood-related supply chain challenges," said William Bin Li, founder, chairman, and chief executive officer of NIO.
"More proudly, we have achieved a record-high monthly order growth, attributed to a stronger demand of the ES8 and ES6, together with the increasing EC6 orders, thanks to the continuous support of our users.”
NIO will be able to increase production capacity significantly to support higher deliveries in the third quarter of 2020, Li said.
Steven Feng, chief financial officer of NIO, added, "NIO now offers three competitive high-performance smart electric SUV models to meet the diversified needs of users in the premium sector of the auto industry in China. We are very confident that the ES8, ES6, and EC6 are complementary to each other and will aggressively gain larger market shares from both ICE and electric vehicle market."
NIO shares went up by 1.59 percent in pre-market trading.
NIO also announced that it will report its second quarter 2020 unaudited financial results on Tuesday, August 11, 2020, before the open of the US markets.
Its management will host an earnings conference call at 8:00 AM U.S. Eastern Time on August 11, 2020 (8:00 PM Beijing/Hong Kong Time on August 11, 2020).
