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It appears it was a great month in China for EV gross sales final month, or a minimum of for “good EV” startups. Together with Xpeng’s file month, NIO noticed a powerful rise in gross sales in September.
NIO had 21,181 deliveries final month, which was a 35.4% improve over September 2023. Extrapolating that out 12 months, we get 254,172 potential annual deliveries. Humorous sufficient, that 21,181 complete in September is extraordinarily near Xpeng’s 21,352 September deliveries, however I’ll come again to the comparisons for one more article.
Wanting on the third quarter as a complete, NIO had 61,855 gross sales. That’s an 11.6% improve over the third quarter of 2023. It’s additionally a brand new quarterly gross sales file for NIO. Once more, if we extrapolated the whole there out to 4 quarters, or one yr, the whole could be 247,420 gross sales. As I stated with Xpeng, that is attending to vital, genuinely mass-market ranges. If NIO can maintain this up and even continue to grow, it will possibly turn into an automotive pressure to be reckoned with. Additionally, like with Xpeng, the extra it will possibly develop its presence and gross sales overseas, the extra it may be seen as becoming a member of the worldwide automotive market of main manufacturers. We’ll be keeping track of this area.
NIO has simply rolled out a brand new model as nicely. The ONVO “family-oriented good electrical car model” has one mannequin on the market for now, the L60. Not like the booming Xpeng MONA M03, although, the L60 has simply had a trickle of gross sales following launch — 832 autos (versus the NIO model’s 20,349). Nonetheless, NIO is bullish about this midsize SUV’s future. Additionally, gross sales solely simply bought getting in current days. “It embodies ONVO’s philosophy of bringing happiness and worth for cash to household customers. By providing a spacious design, enhanced security options and superior applied sciences, the L60 maximizes consumer worth whereas optimizing lifecycle possession prices. Deliveries of the L60 began in late September 2024,” NIO writes. We’ll regulate its progress and the way nicely obtained the ONVO model is in coming months.
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