NIO Inc. (NYSE: NIO) has announced it delivered 17,353 vehicles in the fourth quarter of 2020, representing an increase of 111% year-over-year and exceeding the higher end of the company’s quarterly guidance. As of December 31, 2020, 43,728 vehicles were delivered in 2020. That’s an increase of 112.6% year-on-year.
The Chinese EV maker has also revealed that it will unveil its new sedan model on January 9.
NIO day will feature a range of activities, including performances by the music composer Shi Lei Chang, NIO BAND, whose NIO Day 2020 theme song is called ‘The Future is Ahead’, and the leading Chinese musician Wang Feng.
William Bin Li, founder, chairman, and chief executive officer of NIO, says: “2020 has been a challenging year for the whole world. Against this backdrop, NIO has achieved consecutive record-highs along the way, and closed the year on a high note with a remarkable December deliveries of over 7,000 vehicles. These results are attributable to the growing recognition of our premium brand, the competitive and compelling products and services, the expanding sales network, and most importantly, the continuous support from our passionate and loyal user community. The innovative Battery as a Service (BaaS) model has shown popularity among our users since its launch. With the 100kWh battery pack offered as an option, the penetration of BaaS has reached over 40% among new orders in December, demonstrating its competitiveness and acceptance by our users.”
He adds: “At the fourth NIO Day scheduled on January 9th, 2021, we will unveil our new sedan model and share the latest development of our autonomous driving and other core technologies. Aspired by the spirit of ‘Always Forward,’ the theme of the upcoming NIO Day, we will continue investing in the smart EV technologies, accelerating our new products development, broadening our sales and service network, and striving for the best holistic experiences for our growing user community in 2021 and beyond.”
NIO officially launched the EC6, a 5-seater premium electric coupe SUV, in December 2019 and began deliveries of the EC6 in September 2020.
Keyword: NIO Inc. Achieves Record Deliveries in Q4; Unveiling New Sedan Model on January 9th