In November, NIO global electric car deliveries increased by over 12% year-over-year to 15,959, which on the one hand is a positive outcome, but on the other hand, it’s kind of worrying.<\/p>\n
That’s because of the volume, which has been oscillating around 16,000 units a month in the past three months. It’s noticeably less than in the record months of July-August (around 20,000), The drop in sales is despite the fact that the entire lineup of models has been gradually refreshed. We would expect faster growth but it seems that the initial surge of the upgraded models (like the ES6 selling 11,000 units in July) weakened.<\/p>\n
The question is how NIO intends to increase its sales volume, which is a\u00a0prerequisite for profitability.<\/p>\n
The overwhelming majority of NIO sales are in China. The company is expanding its business in Europe too.<\/em><\/p>\n The volume of 15,959 units last month includes 10,545 crossovers\/SUVs (up 32% year-over-year) and 5,414 sedans (down 12% year-over-year). The company does not provide a breakdown between the individual models.<\/p>\n NIO EV deliveries last month (YOY change):<\/p>\n\n