NIO Gross sales Up 31% In 2023

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NIO had one other robust yr, with gross sales rising by 30.7% all through the total yr. The Chinese language EV startup ended with 160,038 gross sales, up from 122,486 in 2022. These are spectacular leads to absolute, basic phrases, however they’re further spectacular when you think about how hyper-competitive the Chinese language EV market is, the place NIO nonetheless sells virtually all of its EVs.

The draw back for the corporate is that its progress within the 4th quarter was decrease than that and its progress in December was even decrease than its progress within the quarter as an entire. Gross sales within the 4th quarter (50,045 models) had been up 25% in comparison with the 4th quarter of 2022 (40,052 models), and gross sales in December (18,012 models) had been up 13.9% in comparison with December 2022 (15,815 models). Nonetheless, progress is progress and even 14% is nothing to scoff at.

Concerning December gross sales, NIO breaks down the break up by automobile physique sort for us: “The deliveries consisted of 12,048 premium good electrical SUVs, and 5,964 premium good electrical sedans.”

But once more, one would count on much more gross sales from NIO within the new yr. Nonetheless, I feel the actual enhance will are available 2025. The corporate held NIO Day 2023 on the finish of December and revealed an excellent new electrical crossover — the ET9 — that should have rapidly shot to the highest of many individuals’s purchase checklist. Take a look at this full article for extra on the ET9, however under are additionally just a few photos and a few highlights from NIO.

“At NIO Day 2023, NIO launched the ET9, a sensible electrical government flagship. The ET9 embodies NIO’s newest developments in technological analysis and improvement, presenting a mix of flagship-style exterior, revolutionary government house, main driving and using expertise, clever applied sciences, environment friendly energy options, and complete security requirements. The ET9 is an epitome of NIO’s revolutionary applied sciences, setting a brand new technological benchmark for good electrical automobiles government flagship. Deliveries of the ET9 is predicted to start out within the first quarter of 2025.”

It’s a bit regarding in my eyes that the ET9 received’t arrive till 2025. I think about many individuals will look ahead to the ET9 quite than shopping for a brand new automobile in 2024, and that might depress NIO’s total gross sales a bit within the meantime. In fact, NIO has different very enticing fashions to select from. Frankly, I feel NIO has probably the most enticing automobile lineup on the market. The EC6 is nearly as good of a purchase as any. The ET5 might be probably the most enticing NIO of all for me, and it and the EL7 have achieved nice 5-star security rankings in Europe, as did the ET7 a bit additional again and the ES8 earlier than that. You’ll be able to’t go fallacious with a NIO. It’s simply that when you resolve you need the ET9 above all else and also you simply have to attend a yr or so for one, why not try this as a substitute of shopping for a unique mannequin and having to commerce it in roughly a yr or some months later?

However NIO doesn’t appear involved. Except for highlighting the ET9 at NIO Day 2023, the corporate did so in its gross sales replace and can also be that includes it prominently proper on the prime of its web site. So, NIO appears assured sufficient in its present lineup to not fear concerning the ET9 cannibalizing different mannequin gross sales and presenting issues for the corporate in 2024.