NIO Delivers 7,024 Vehicles in May, Up 38% Versus April; Chinese Automakers Rebound
Following reports that NIO is hiring in the U.S. for its upcoming EV plant, the China-based automaker has revealed its delivery numbers for May, showing the company bouncing back after a long production halt.
NIO has delivered 31,866 vehicles so far in 2022, marking an 11.8-percent increase year-over-year during the same period of time, as detailed in a press release shared on Wednesday.
In May alone, NIO delivered 7,024 vehicles, after March and April were plagued by surging COVID-19 cases and resulting lockdowns for most automakers in China amidst the country’s strict COVID-zero isolation policies.
NIO’s May deliveries consisted of 5,317 SUVs, across 748 ES8 units, 2,936 ES6 units and 1,635 EC6 units, as well as 1,707 ET7 electric sedan units.
NIO Open to Sharing Battery Swap Tech with Automakers, Says Exec https://t.co/vIYAPWrVQI
— TeslaNorth.com (@RealTeslaNorth) April 5, 2022
Cumulatively, NIO has delivered 204,936 vehicles as of May 31, after reaching a milestone of 200,000 vehicle deliveries last month.
Morgan Stanley is expecting NIO to see a near-term rally given mellowing inflation rates in the months to come.
Deutsche Bank also called NIO the top EV maker in China for 2022 earlier this year.
NIO raised prices on its ET7 sedan last month, citing the increased prices of raw materials amidst high inflation. The company’s upcoming ES7 SUV was spotted without privacy wraps last month, ahead of the company’s unveiling of the EV.
As for other Chinese EV automakers, Xpeng saw 10,125 cars delivered in May, up 12.5% versus April. Li Auto delivered 11,496 Li One SUVs in May, up 176% versus April.