We'll assume you're ok with this, but you can opt-out if you wish. “We are proud of our team for their strong execution from production to delivery. NIO is much more than a car company. This website uses cookies to improve your experience while you navigate through the website. Still, that was the best three-month run for either of Nio’s vehicles, narrowly edging out ES8 sales in the final quarter of 2018. These cookies will be stored in your browser only with your consent. The ES6’s successful debut kept the company afloat, and ES8 sales started to rebound as 2019 came to a close. Chinese EV startup Nio has rebounded from the early months of the COVID-19 pandemic, setting a company record for deliveries and revenue during the second quarter of 2020. You also have the option to opt-out of these cookies. This category only includes cookies that ensures basic functionalities and security features of the website. It is mandatory to procure user consent prior to running these cookies on your website. We also use third-party cookies that help us analyze and understand how you use this website. NIO Sold Just 837 EVs In July 2019, But Completes Recall The target for August is much higher - between 2,000 to 2,500 sales, a level not seen in 7 months. For July 2020, the company delivered 3,553 vehicles – up 322% year over year.

Shares of electric carmaker Nio Inc. (NIO) exploded above $14 a share on July 2020 sales news.

That changed a bit in the second quarter of 2020, as Nio shipped 2,907 ES6 SUVs in April, 2,685 in May, and 2,476 in June. )!function(){“use strict”;window.addEventListener(“message”,function(a){if(void 0!==a.data[“datawrapper-height”])for(var e in a.data[“datawrapper-height”]){var t=document.getElementById(“datawrapper-chart-“+e)||document.querySelector(“iframe[src*='”+e+”‘]”);t&&(t.style.height=a.data[“datawrapper-height”][e]+”px”)}});window.addEventListener(‘DOMContentLoaded’,function(){var i=document.createElement(“iframe”);var e=document.getElementById(“datawrapper-jc8vx”);var t=e.dataset.iframeTitle||’Interactive graphic’;i.setAttribute(“src”,e.dataset.iframe);i.setAttribute(“title”,t);i.setAttribute(“frameborder”,”0″);i.setAttribute(“scrolling”,”no”);i.setAttribute(“aria-label”,e.dataset.iframeFallbackAlt||t);i.setAttribute(“title”,t);i.setAttribute(“height”,”400″);i.setAttribute(“id”,”datawrapper-chart-jc8vx”);i.style.minWidth=”100%”;i.style.border=”none”;e.appendChild(i)})}()With losses mounting, Nio went through multiple rounds of layoffs both in China and in the US (where it has an R&D center) to cut costs. But the revamped version — which started shipping in April and features improvements to the interior as well as the SUV’s range and performance — boosted ES8 deliveries from just 36 in February and 54 in March to 248, 751, and 1,264 in April, May, and June, respectively. NIO has now delivered 17,702 vehicles for the year – up 111% year over year. Our deliveries in the second quarter of 2020 exceeded the high end of our earlier projection, and we are confident that our goals on gross margin and operational efficiency will be achieved.”NIO is more than just another EV company — it is one of the two hottest EV startups in China (trading places from time to time with Xpeng). It is encouraging to see sales of its larger ES8 electric SUV picking up after a total redesign of the car since last year. The deliveries consisted of 2,610 ES6s, the Company’s 5-seater high-performance premium smart electric SUV, and 923 ES8s, the Company’s 6-seater and 7-seater flagship premium smart electric SUV.

In a statement emailed to CleanTechnica Intergalactic Headquarters, NIO says it delivered 3,740 vehicles in June 2020, a 179.1% growth rate compared to … By Joel Baglole Jul 29, 2020, 8:14 pm EDT July 31, 2020 Chinese electric vehicle maker Nio (NYSE: NIO ) is not without risk for investors. Things were still challenging, but they were starting to look up until the COVID-19 pandemic hit.Illustration by Alex Castro / The Verge Tesla has announced a new five-way stock split to take...Illustration by Alex Castro / The Verge Facebook is aiming for a more cohesive strategy around digital...Illustration by Alex Castro / The Verge Mozilla is laying off 250 people, about a quarter of...In-flight internet provider Gogo is trying to sell its commercial airline business as it continues to lose...Erin Lefevre/NurPhoto via Getty Images AMC Theaters faced its “most challenging quarter in the company’s 100-year history,”...Illustration by Alex Castro / The Verge T-Mobile claims that it now has more customers than AT&T...Photo by James Bareham / The Verge Nintendo has posted extraordinarily high earnings for its normally quiet...The PlayStation 4 era may be winding down, but people are playing their consoles more than ever...Copyright © 2018-2020 ihavevirus.com Business Portal.

Chinese premium electric vehicle maker NIO Inc. provided its July 2020 delivery results.. NIO delivered 3,533 vehicles in July 2020, representing a robust 322.1% growth year-over-year.

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(ES8 sales did dip to 923 in July, though. Powered by The Verge.Necessary cookies are absolutely essential for the website to function properly.

Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries. NIO designs and develops smart, high-performance, electric vehicles with an aim to be the first “User Enterprise” in the world. We appreciate the continuous support from our growing and loyal user community,” says William Bin Li, founder, chairman, and chief executive officer of NIO.