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 press releases and other written materials and in oral statements made by its officers, directors or employees to third parties.
Forward-looking statements involve inherent risks and uncertainties. The Company also believes that the non-GAAP financial measures allow for greater visibility with respect to key metrics used by the Company’s management in its financial and operational decision-making.The non-GAAP financial measures are not presented in accordance with U.S. GAAP and may be different from non-GAAP methods of accounting and reporting used by other companies. In 2018, NIO reportedly had 8,111 sales.


In the second quarter of 2020, NIO achieved record quarterly deliveries of over 10,000 units and delivered an aggregate of 10,331 ES8s and ES6, representing a … NIO officially launched the EC6, a 5-seater premium smart electric coupe SUV, in December 2019 and plans to commence deliveries in 2020.This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. We will continue to focus on improving operating efficiency across the company.

Its closing stock price the day the company went public, September 14 (2018) was $9.90, but then dropped in price for several months and the market was concerned about the company’s ability to produce and sell vehicles at high volume.

NIO ES6 Sales.

By excluding the impact of share-based compensation expenses and accretion on redeemable non-controlling interests to redemption value, the Company believes that the non-GAAP financial measures help identify underlying trends in its business and enhance the overall understanding of the Company’s past performance and future prospects. Founded in November 2014, NIO’s mission is to shape a joyful lifestyle by offering premium smart electric vehicles and being the best user enterprise. Meanwhile, we stay committed to investing in the technologies and services to provide our users with the best products and experience in the future and to strengthening our leadership in the smart EV sector,” concluded Mr. Li.“With the strong deliveries in the second quarter 2020, our vehicle margin significantly exceeded our target of over 5%, attributed to the increasing scale, higher average revenue per vehicle, reduced material costs and improved manufacturing efficiency,” added Wei Feng, NIO’s chief financial officer. NIO officially launched the ES6, a 5-seater high-performance premium electric SUV, in December 2018 and began the first deliveries of the ES6 in June 2019. The EC6, ET5, and ET7 are supposed to go into production in 2020, while the EF9 and ES3 are supposed to go into production in 2021.The EP9 has set 5 records for electric cars on race tracks, achieving lap records for in the Like every other auto company to some extent, NIO is racing to be an autonomous driving leader.

“Additionally, we have demonstrated our capabilities to generate positive cash flow from operations, through the continuous improvement of our operational efficiency and our significantly optimized cash flow management. Nio claims the ES6 can lap V1 just four seconds slower than a BMW M4, but getting the most out of it meant entering corners slowly and staying disciplined with power. The Company makes no representation that the Renminbi or U.S. dollars amounts referred could be converted into U.S. dollars or Renminbi, as the case may be, at any particular rate or at all.The unaudited financial information set out in this earnings release is preliminary and subject to potential adjustments. SHANGHAI, China, Aug. 11, 2020 (GLOBE NEWSWIRE) -- NIO Inc. (“NIO” or the “Company”) (NYSE: NIO), a pioneer in China’s premium smart electric vehicle market, today announced its unaudited financial results for the second quarter ended June 30, 2020.“We achieved a record-high quarterly deliveries of 10,331 ES8 and ES6 vehicles in total in the second quarter of 2020 and expect to deliver 11,000 to 11,500 vehicles in the third quarter as the momentum continues,” said William Bin Li, founder, chairman and chief executive officer of NIO. It has sold more than 50,000 vehicles and, ranked by plugin vehicle sales in the first half of 2020, it’s the 20th best selling brand in the world.While the NIO ES8 more than carries its weight in its large, expensive vehicle class, the NIO ES6 is the more mass market vehicle that has NIO ranking so well in terms of overall unit sales.


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