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MarketScreener Homepage  >  Equities  >  Nyse  >  NIO Limited    NIO

NIO LIMITED

(NIO)
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NIO Inc. Provides November 2020 Delivery Update

12/01/2020 | 05:00am EST

        NIO delivered 5,291 vehicles in November 2020, increasing by 109.3% year-over-year

        NIO delivered 36,721 vehicles in 2020 in total, increasing by 111.1% year-over-year

        Cumulative deliveries of ES8, ES6 and EC6 as of November 30, 2020 reached 68,634

SHANGHAI, China, Dec. 01, 2020 (GLOBE NEWSWIRE) -- NIO Inc. (“NIO” or the “Company”) (NYSE: NIO), a pioneer in China’s premium smart electric vehicle market, today provided its November 2020 delivery results.

NIO delivered 5,291 vehicles in November 2020, a new monthly record representing a solid 109.3% year-over-year growth. The deliveries consisted of 1,387 ES8s, the Company’s 6-seater and 7-seater flagship premium smart electric SUV, 2,386 ES6s, the Company’s 5-seater high-performance premium smart electric SUV, and 1,518 EC6s, the Company’s 5-seater premium electric coupe SUV. NIO delivered 36,721 vehicles in 2020 in total, representing an increase of 111.1% year-over-year. As of November 30, 2020, cumulative deliveries of the ES8, ES6 and EC6 reached 68,634 vehicles.

NIO is in the process of accelerating the production capacity expansion in December 2020 to accommodate the increasing order growth.

About NIO Inc.

NIO Inc. is a pioneer in China’s premium smart electric vehicle market. Founded in November 2014, NIO’s mission is to shape a joyful lifestyle. NIO aims to build a community starting with smart electric vehicles to share joy and grow together with users. NIO designs, jointly manufactures, and sells smart premium electric vehicles, driving innovations in next-generation technologies in connectivity, autonomous driving, and artificial intelligence. Redefining the user experience, NIO provides users with comprehensive and convenient power solutions, the innovative Battery as a Service (BaaS) program, and other user-centric services. NIO began deliveries of the ES8, a 7-seater flagship premium electric SUV, in China in June 2018, and its variant, the 6-seater ES8, in March 2019. NIO officially launched the ES6, a 5-seater high-performance premium electric SUV, in December 2018 and began deliveries of the ES6 in June 2019. NIO officially launched the EC6, a 5-seater premium electric coupe SUV, in December 2019 and began deliveries of the EC6 in September 2020.

Safe Harbor Statement

This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to” and similar statements. Among other things, quotations from management in this announcement, as well as NIO’s strategic and operational plans, contain forward-looking statements. NIO may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about NIO’s beliefs, plans and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: NIO’s strategies; NIO’s future business development, financial condition and results of operations; NIO’s ability to develop and manufacture a car of sufficient quality and appeal to customers on schedule and on a large scale; its ability to grow manufacturing in collaboration with partners; its ability to provide convenient charging solutions to its customers; the viability, growth potential and prospects of the newly introduced BaaS model; NIO's ability to satisfy the mandated safety standards relating to motor vehicles; its ability to secure supply of raw materials or other components used in its vehicles; its ability to secure sufficient reservations and sales of the ES8, ES6 and EC6; its ability to control costs associated with its operations; its ability to build the NIO brand; general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in NIO’s filings with the SEC. All information provided in this press release is as of the date of this press release, and NIO does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For more information, please visit: http://ir.nio.com

For investor and media inquiries, please contact:

NIO Inc.

Investor Relations

Tel: +86-21-6908-2018

Email: ir@nio.com

Source: NIO



© GlobeNewswire 2020
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Sales 2020 15 857 M 2 452 M 2 452 M
Net income 2020 -5 174 M -800 M -800 M
Net cash 2020 10 850 M 1 678 M 1 678 M
P/E ratio 2020 -100x
Yield 2020 -
Capitalization 592 B 91 321 M 91 486 M
EV / Sales 2020 36,6x
EV / Sales 2021 19,4x
Nbr of Employees 7 442
Free-Float 65,3%
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Mean consensus OUTPERFORM
Number of Analysts 16
Average target price 349,80 CNY
Last Close Price 378,56 CNY
Spread / Highest target 71,2%
Spread / Average Target -7,60%
Spread / Lowest Target -76,2%
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Managers and Directors
NameTitle
Bin Li Chairman & Chief Executive Officer
Li Hong Qin President & Director
Feng Wei Zhang Chief Financial Officer
Ganesh V. Iyer Chief Information Officer
Hai Wu Independent Director
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