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Thursday, October 31, 2024

NIO Gross sales Up 33.1%, Will get Geely in One other Battery Swapping Deal


NIO continues to develop in China. It is probably not wherever near the gross sales of EV giants BYD and Tesla, however it’s rising. Its November gross sales have been up 12.6%, and its gross sales all through the primary 11 months of the yr have been up 33.1%.

In quantity phrases, NIO had 15,959 gross sales in November and 142,026 gross sales from January by way of November. The corporate is approaching half one million cumulative gross sales, sitting at 431,582 for the time being.

NIO’s November gross sales have been barely down in comparison with October, however they’ve been roughly steady for the previous three months.

In additional optimistic information, following an announcement that Changan is now partnering with NIO on battery swapping, we additionally simply obtained an announcement that Geely is partnering with NIO on battery swapping. “Each events agreed to hold out complete cooperation on battery requirements, battery swapping expertise, battery swapping community growth and operation, swappable mannequin growth, and battery asset administration,” NIO writes. “The partnership, consistent with China’s growth course of recent infrastructure and new vitality, will additional standardize battery swapping expertise, enhance the size of the battery swap community, and speed up the low-carbon transformation of the automotive trade.”

“NIO and Geely share a profound understanding of battery swapping and have been devoted to the funding within the battery swapping expertise and community for personal automobiles and business autos with wealthy expertise in swapping service and operations,” mentioned William LI, Founder, Chairman and CEO of NIO, “As a number one firm within the Chinese language automotive market, Geely Holding’s fast growth within the new vitality area is spectacular. This strategic partnership will additional popularize battery swapping, carry high quality and handy battery swapping expertise to extra customers and contribute to the regular growth of the good EV trade. We are going to proceed to advance the development of battery swapping community for NIO customers and enhance the customers’ expertise, whereas collaborating with companions to launch the development of shared battery swapping community.”

“Inexperienced sustainable growth and carbon neutrality have develop into a world consensus,” mentioned Eric LI, Founder and Chairman of Geely Holding, “As one of the vital modern strategies for recharging electrical autos, the longer term growth of battery swapping expertise requires the joint efforts of all events within the trade to advance it. Geely’s Yiyi Energy has already achieved good leads to many cities and continues to increase throughout the nation. By way of this strategic cooperation in battery swapping, the 2 events will strengthen their cooperation within the battery swapping trade chain, speed up the adoption of unified requirements, increase the ecosystem for battery swapping and charging, assist the low-carbon transformation and high-quality growth of the automotive trade, and provide a greater electrical mobility expertise for customers.”

Sounds good. Let’s see what comes of it!



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