NIO Q4 2022 Deliveries Surge 60% Year-Over-Year

Image: NIO

NIO on Sunday announced fourth-quarter deliveries of 40,052 electric vehicles (EVs), marking a 60% increase year-over-year and a new quarterly record for the Chinese automaker. The company also marginally beat its own delivery outlook for Q4, which it lowered from 43,000-48,000 vehicles to a more modest 38,500-39,500 last week.

At the same time, the EV startup reported full-year deliveries of 122,486 units for 2022, representing an increase of 34% from 2021.

NIO delivered 15,815 vehicles in December alone, up 50.8% from last year and a new monthly record. December deliveries were made up of 6,842 premium smart electric SUVs — which included 4,154 ES7s — and 8,973 premium smart electric sedans (1,379 ET7s and 7,594 ET5s).

As of December 31, 2022, cumulative deliveries of NIO vehicles have reached 289,556. The company also celebrated its 300,000th production car in December.

NIO’s planned expansion into the European market is also well underway. The company opened its first showroom in Sweden last month, and it is building new ones in several other European countries. As for the U.S. NIO is reportedly eyeing a 2025 timeline to expand stateside.

NIO’s fellow China-based EV makers, Li Auto and Xpeng Motors, also saw 2022 deliveries grow year-over-year.

Li Auto delivered a total of 46,319 vehicles between October and December, representing a 31.5% year-over-year increase. The company delivered 21,233 EVs in December, up 50% year-over-year and a new monthly record.

Li Auto’s deliveries for the entirety of 2022 hit 133,246 units, up 47% from the previous year.

Meanwhile, Xpeng Motors reported fourth-quarter deliveries of 22,204 vehicles, down 46.8% from 41,751 units in Q4 2021. Full-year sales, however, climbed 23% year-over-year to 120,757 units.

Despite having a rough time in November due to COVID-19 control efforts in China, all three Chinese EV makers ended Q4 and 2022 strong.