We remain committed to offering the best premium smart electric vehicles and the best user experience to our users.”Steven Feng, chief financial officer of NIO, added:“We are pleased to deliver solid results driven by our competitive products, superior services and expanding sales network. Our deliveries in the second quarter of 2020 exceeded the high end of our earlier projection, and we are confident that our goals on gross margin and operational efficiency will be achieved.” 17 July 2020 NIO Sold Just 837 EVs In July 2019, But Completes Recall The target for August is much higher - between 2,000 to 2,500 sales, a level not seen in 7 months. 28 December 2019 Image source: NIO.CEO William Bin Li said demand has remained strong and the company is now focused on increasing production as it prepares to begin deliveries of its latest model, the EC6 sports crossover, in September.“The current constraints on production will be lifted in the near future and we are confident that our production capacity will be able to meet the accelerated demand for our models,” Li said.CFO Wei Feng said the company has now demonstrated to auto investors that it can generate positive cash flow from its operations, thanks to increasing scale and better cost control.“With strong deliveries in the second quarter of 2020, our vehicle margin significantly exceeded our target of over 5%,” said Feng.

The company delivered 3,155 vehicles in April—a growth of 181% YoY (year-over-year) and 106% month-over-month. Personal Finance "Adjusted" figures exclude share-based compensation expenses. InsideEVs: Russia NIO was founded in November 2014 by William Li (Chinese: 李斌; pinyin: Lǐ Bīn), the Chairman of Bitauto and NextEV. InsideEVs: Russia Nio's Record Month, Quarter: Nio said its deliveries in June increased 179.1% year-over-year to 3,740 units, representing record monthly performance for the company. John has been writing about the auto business and investing for over 20 years, and for The Motley Fool since 2007.

(A year ago, its gross margin was negative 33.4%.)
See you at the top! 10 February 2020 William Bin Li, founder, chairman, and chief executive officer of NIO said:“In June, we achieved a historical high of monthly deliveries, contributing to our best quarterly performance. We are proud of our team for their strong execution from production to delivery. NIO’s “vehicle margin”, calculated using revenue and cost of sales from its vehicle sales only, was 9.7%, down from 24.1% in the second quarter of 2019.

It is mandatory to procure user consent prior to running these cookies on your website.This website uses cookies to improve your experience while you navigate through the website. 07 January 2020 Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. This strong sales result gave NIO its very first positive gross margin for a quarter, 8.4%.

24 September 2019 “NIO’s forecast for the third quarter calls for continued strong deliveries and revenue growth.NIO is based in China and publishes its results in yuan. InsideEVs: France So far this year NIO sold: ES6: 11,711 … InsideEVs: USA / Global 22 April 2019

Meanwhile, NIO’s April delivery numbers were better than expected. NIO expects its third-quarter revenue to fall between 4,047.5 million yuan ($572.9 million) and 4,212.3 million yuan ($596.2 million), versus 1,836.8 million yuan a year ago.

InsideEVs: USA / Global

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Sales jumped in the fourth quarter.
03 May 2019 Tesla’s main rival Nio was one of the few automakers bucking the trend, with deliveries growing 11.7% year-on-year to 1,533 vehicles last month. NIO is much more than a car company.


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