Nio delivered 20,498 cars in July, mostly flat from last year and about 3% down from the previous month. It is also the first time Nio has held over 20,000 deliveries for three months in a row.
July sales were down 3.35 % from the previous month when Nio sold a record 21,209 cars, and 0.18% up from the previous year, when it sold 20,462 EVs.
Year to date, between January and July, Nio delivered 107,924 EVs, up 43.9% from the same period in the previous year. As of July 31, the company’s cumulative deliveries are 557,518 cars.
Nio reportedly ended the purchase incentives in the last week of July. The Shanghai-based company sells eight models in China; however, most of its sales are attributed to two models only – SUV ES6 and ET5 or its station wagon variant ET5T.
Nio didn’t disclose the sales breakdown by model, only stating that 11,964 delivered cars were SUVs and 8,534 were sedans. That shows 60% of sales were SUVs and 40% sedans.
Based on the dealer’s sales data estimate monitored by CarNewsChina, about 7,600 Nio ES6 SUVs were sold, marking a 37% share of the company’s portfolio. Meanwhile, 36% of sales – 7,400 cars – were contributed by the ET5 sedan and its wagon variant ET5T.
The company held the Nio In 2024 event on July 27, during which it unveiled a new Nio Phone 2, a 5nm intelligent driving chip, and updates to the assisted driving system.
The Nio lineup will increase by one new model in the second half of the year. Deliveries of the Onvo L60 SUV (see full specs), a Tesla Model Y competitor, will start in September. Onvo is a new entry-level brand under Nio with separate operations and battery swap support.
Next year, in the first quarter, a new model under the Nio brand will launch – the flagship sedan Nio ET9, which was unveiled last September. The car started presales for 800,000 yuan (110,000 USD) and will be the most expensive Nio-badged mass-produced car.
