- NIO Inc. delivered 20,976 vehicles in October 2024, marking a 30.5% year-over-year increase.
- Year-to-date, NIO has delivered 170,257 vehicles, representing a 35.1% year-over-year growth.
- As of October 31, 2024, NIO’s total cumulative deliveries have reached 619,851 vehicles.
SHANGHAI, Nov. 01, 2024 — NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), a leading innovator in the global smart electric vehicle market, announced its delivery results for October 2024.
The company delivered 20,976 vehicles in October 2024, a 30.5% increase compared to the same period last year. This figure includes 16,657 vehicles from NIO’s premium smart electric vehicle brand and 4,319 vehicles from the company’s family-oriented smart electric vehicle brand ONVO. As of October 31, 2024, NIO’s cumulative deliveries have reached 619,851 vehicles.
Production and delivery of the ONVO L60 have been steadily increasing in October 2024. As of October 31, 2024, ONVO operates 166 ONVO Centers and ONVO Spaces across 60 cities, while also offering users access to 584 NIO Power Swap Stations in China. ONVO will continue to expand its sales, service, and power networks to serve a growing customer base and drive long-term growth.
About NIO Inc.
NIO Inc. is a leading innovator in the global smart electric vehicle market. Founded in November 2014, NIO aims to create a sustainable and brighter future with the mission of “Blue Sky Coming”. NIO envisions itself as a user enterprise where innovative technology meets experience excellence. NIO designs, develops, manufactures, and sells smart electric vehicles, driving innovations in next-generation core technologies. NIO sets itself apart through continuous technological advancements and innovations, exceptional products and services, and a community for shared growth. NIO provides premium smart electric vehicles under the NIO brand and family-oriented smart electric vehicles through the ONVO brand.
Safe Harbor Statement
This press release includes statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to” and similar statements. NIO may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in announcements, circulars or other publications made on the websites of each of The Stock Exchange of Hong Kong Limited (the “SEHK”) and the Singapore Exchange Securities Trading Limited (the “SGX-ST”), in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about NIO’s beliefs, plans and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: NIO’s strategies; NIO’s future business development, financial condition and results of operations; NIO’s ability to develop and manufacture vehicles of sufficient quality and appeal to customers on schedule and on a large scale; its ability to ensure and expand manufacturing capacities including establishing and maintaining partnerships with third parties; its ability to provide convenient and comprehensive power solutions to its customers; the viability, growth potential and prospects of the battery swapping, BaaS, and NIO Assisted and Intelligent Driving and its subscription services; its ability to improve the technologies or develop alternative technologies in meeting evolving market demand and industry development; NIO’s ability to satisfy the mandated safety standards relating to motor vehicles; its ability to secure supply of raw materials or other components used in its vehicles; its ability to secure sufficient reservations and sales of its vehicles; its ability to control costs associated with its operations; its ability to build its current and future brands; general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in NIO’s filings with the SEC and the announcements and filings on the websites of each of the SEHK and SGX-ST. All information provided in this press release is as of the date of this press release, and NIO does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
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