The article is being updated.
On June 1, Nio published its monthly report, revealing Hefei based automaker sold 6,155 cars, down 7.55% from April and 12.37% down compared with the same month last year.
The deliveries consisted of 2,396 electric SUVs and 3,759 electric sedans. Cumulative deliveries of Nio vehicles reached 333,410 as of May 31, 2023. Year to date (January – May), Nio delivered 43,854 vehicles, increasing by 15.8% year-over-year.
CarNewsChina previously estimated May deliveries to be 6,200 units, meaning the error rate is 0,73%.
Nio currently has three main models on the market – the 2023 version of the ES8 large SUV, ET5 entry-level sedan, and ES6 mid-size SUV second generation, which started deliveries last week on May 24.
Nio ES6 second-generation
Nio also sells ES7 SUVs, EC7 and EC6 coupe SUVs, and ET7 sedans, but their deliveries are insignificant compared to the abovementioned golden trio.
Nio plans to launch the ET5 touring – station wagon/shooting brake – version of their best-selling ET5 sedan. The new ET5 is aimed at the European market.
ET5 touring spotted on a highway in China
William Li, Nio’s CEO, and co-founder, previously reconfirmed he is confident of achieving its target of 250,000 delivered vehicles in 2023. That would be a 100% growth compared with 122,486 delivered cars in 2022.
To fulfill this goal, Nio needs to deliver 206,146 EVs by the end of 2023, meaning to sell 29,450 cars monthly on average in the next seven months.
ET5 touring spotted on a truck in China.
Nio also plans to increase its battery swap station (PSS) coverage significantly. In Q1 company announced they plan to add 400 new PSS in 2023, increasing the total number to 1,700, but this goal was later changed to 1000 new PSS this year, meaning the goal is to have 2,300 PSS in China by the end of December. Nio currently operates about 1450 PSSs in China as of May.
In Europe, the PSS installation target was also reiterated. In 2022 Nio claimed their goal was to add 120 PSS in Europe in 2023, but this was later quietly changed to 80 new PSS. Nio currently operates 13 PSS in four EU countries and Norway.
Nio follows its 25 countries by 2025 plan, meaning the Chinese EV maker wants to establish a presence in 25 countries until 2025. It entered the first EU countries in October through Germany, Netherlands, Sweden, and Denmark. The following targets are France, Switzerland, Italy, Hungary, Spain, Austria, and – the United Kingdom.
Nio is not stopping in Europe. In November last year, William Li confirmed that Nio wants to expand to the US market before 2025, saying the next generation of Nio cars is coming to the US.
Li didn’t clarify what he meant by “next generation,” some Chinese media speculate it might be a hint for the next generation platform NT 3.0. Nio previously announced it would start work on the NT3 platform in Q3 2023.
*https://carnewschina.com/2023/05/31/nio-delivery-estimate-for-may-6200-vehicles/
Keyword: Nio delivered 6,155 vehicles in May, down 7.5% from previous month