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Nio delivered 19,329 EVs in August, up 81% YoY

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On September 1, Nio announced it sold 19,329 EVs in China in August, up 81% compared with the previous year and -5,5% down from the last month. The numbers don’t include EU deliveries.

The company didn’t officially reveal the breakdown to particular models, only stating they sold 12,015 SUVs and 7,314 sedans. The August sales are the second highest in the company’s history.

Based on CarNewsChina’s monitored weekly sales data, the company sold 5,460 ET5 sedans, 10,600 ES6 SUVs, and 1,900 units of large ES8 SUVs. The rest goes to the ES7 SUV, EC7 coupe-SUV, ET5T, and ET7 flagship sedan. ET5T is a new name for the ET5 Touring station wagon.

The company delivery guidance for Q3 is 55,000 – 57,000 vehicles, which is a pretty low target. In the first two months of Q3, the company delivered 39,791 vehicles, meaning that the company expects 15,200 – 17,200 cars sold in September.

Nio delivered 94,352 vehicles so far this year. Previously, Nio set a goal of selling 250k EVs in 2023. Despite this goal being later reaffirmed and never officially dismissed, it is clear that Nio can’t reach it this year, as it would mean they need to sell 39k vehicles each month on average.

The more realistic goal is about 180k vehicles in 2023, which they can reach if they sell 21,500 units each month until the end of the year.

Since Nio started mass production in June 2018, cumulative deliveries have reached 383,908 as of August 31.

Charging infrastructure update

Yesterday on August 31, Nio established a record number of swap stations – 46 units. For comparison, that is twice more than it deployed in Europe since its market entry in October last year. In China, Nio operates about 1800 swap stations. In Europe, it is about 20.

But it is not just swapping stations. Not many people are aware, but Nio is one of China’s biggest providers of fast-charging infrastructure, with 1,692 superchargers and 8,168 charging piles in total.

In August, Nio also added five new premium showrooms they call Nio Houses. Hefei-based automaker operates 134 Nio Houses worldwide: 128 in China and 6 in Europe.

In September, Nio plans to start delivery of the EC6 coupe-SUV, the last model that hasn’t yet transformed to the new NT2 platform. After that, all 8 Nio models on the market will be underpinned by NT2. Qin Lihong, the company’s President, previously stated that work on NT3 began in the first half of 2023.

After that, Nio won’t launch any new product in 2024, according to the company. At least under the Nio brand: entry-level subbrands codenamed Alps and Firefly are expected to be unveiled next year.

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