Nio delivered 10,055 electric vehicles in January, an increase of 18.2% from 8,506 in the previous year, the company announced in a press release. However, the comparison does not apply, as last year the Chinese New Year fell on January 22.
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Nio’s deliveries fell 44% compared to December, when Nio delivered 18,012 vehicles following a year-end sales boom. Cumulative deliveries amounted to 459,649 as of January 31, 2024.
The 2024 Chinese New Year (CNY) fell on February 10, while the 2023 CNY fell on January 22, so a year-over-year comparison is pointless. For a good year-over-year comparison, we need to wait until the end of February and compare sales in January and February 2024 with the same two months in 2023.
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Deliveries consisted of 6,307 SUVs and 3,748 sedans. Nio has not disclosed the model’s sales figures. According to data from CarNewsChina, around 40% of sales were achieved by the Nio ES6 SUV, and almost 30% by ET5 and its station wagon variant ET5 Touring.
In January, Nio continued to expand its battery swapping alliance in an effort to convince more automakers to join its swapping technology, which is now open to the entire industry, company executives said. The Nio battery swap alliance currently consists of Geely, Changan, JAC and Chery. Despite notes and agreements being signed, no details were released about what the collaboration would look like.
Nio sells eight models in China, two of which represent approximately 70% (ES6, ET5/T). The other models are the large SUV ES8, the large sedan ET7, the coupe SUVs EC7 and EC6, and ES7, which has the lowest sales in the Nio range, around 100 – 200 units in January. In Europe, the ES series is sold as EL series due to a legal battle with Audi, so ES6 = EL6, ES7 = EL7, etc.
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Nio has announced that it has no plans to launch new models in 2024. However, we can expect annual updates to the existing lineup. In December, Nio also unveiled the ET9 executive sedan, which will go on sale in early 2025. The pre-sale price is 800,000 yuan (112,600 USD).
Despite no new Nio-badged models this year, we will see new vehicles from Nio as the company plans to unveil the entry-level Alps brand in March or April, with deliveries expected later in 2024, according to the report have to start. In 2025, Nio will launch its second sub-brand Firefly, focused on small electric cars.