NIO Gross sales Up 31% In 2023

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NIO had one other robust 12 months, with gross sales rising by 30.7% all through the total 12 months. The Chinese language EV startup ended with 160,038 gross sales, up from 122,486 in 2022. These are spectacular leads to absolute, basic phrases, however they’re additional spectacular when you think about how hyper-competitive the Chinese language EV market is, the place NIO nonetheless sells virtually all of its EVs.

The draw back for the corporate is that its progress within the 4th quarter was decrease than that and its progress in December was even decrease than its progress within the quarter as a complete. Gross sales within the 4th quarter (50,045 items) had been up 25% in comparison with the 4th quarter of 2022 (40,052 items), and gross sales in December (18,012 items) had been up 13.9% in comparison with December 2022 (15,815 items). Nonetheless, progress is progress and even 14% is nothing to scoff at.

Relating to December gross sales, NIO breaks down the break up by automobile physique kind for us: “The deliveries consisted of 12,048 premium sensible electrical SUVs, and 5,964 premium sensible electrical sedans.”

But once more, one would anticipate much more gross sales from NIO within the new 12 months. Nonetheless, I feel the true increase will are available in 2025. The corporate held NIO Day 2023 on the finish of December and revealed a superb new electrical crossover — the ET9 — that will need to have shortly shot to the highest of many individuals’s purchase record. Try this full article for extra on the ET9, however under are additionally just a few photos and a few highlights from NIO.

“At NIO Day 2023, NIO launched the ET9, a sensible electrical govt flagship. The ET9 embodies NIO’s newest developments in technological analysis and growth, presenting a mix of flagship-style exterior, progressive govt area, main driving and driving expertise, clever applied sciences, environment friendly energy options, and complete security requirements. The ET9 is an epitome of NIO’s progressive applied sciences, setting a brand new technological benchmark for sensible electrical automobiles govt flagship. Deliveries of the ET9 is anticipated to start out within the first quarter of 2025.”

It’s somewhat regarding in my eyes that the ET9 gained’t arrive till 2025. I think about many individuals will anticipate the ET9 slightly than shopping for a brand new automobile in 2024, and that might depress NIO’s total gross sales a bit within the meantime. In fact, NIO has different very engaging fashions to select from. Frankly, I feel NIO has essentially the most engaging automobile lineup on the market. The EC6 is nearly as good of a purchase as any. The ET5 might be essentially the most engaging NIO of all for me, and it and the EL7 have achieved nice 5-star security scores in Europe, as did the ET7 somewhat additional again and the ES8 earlier than that. You possibly can’t go incorrect with a NIO. It’s simply that should you resolve you need the ET9 above all else and also you simply have to attend a 12 months or so for one, why not do this as a substitute of shopping for a special mannequin and having to commerce it in roughly a 12 months or some months later?

However NIO doesn’t appear involved. Except for highlighting the ET9 at NIO Day 2023, the corporate did so in its gross sales replace and can be that includes it prominently proper on the prime of its web site. So, NIO appears assured sufficient in its present lineup to not fear concerning the ET9 cannibalizing different mannequin gross sales and presenting issues for the corporate in 2024.