NIO Inc. Provides October 2024 Delivery Update
01 November 2024 - 10:30AM
NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the
“Company”), a pioneer and a leading company in the global smart
electric vehicle market, today announced its October 2024 delivery
results.
The Company delivered 20,976 vehicles in October
2024, representing an increase of 30.5% year-over-year. The
deliveries consisted of 16,657 vehicles from the Company’s premium
smart electric vehicle brand NIO, and 4,319 vehicles from the
Company’s family-oriented smart electric vehicle brand ONVO.
Cumulative deliveries reached 619,851 as of October 31, 2024.
In October 2024, the production and delivery of
the ONVO L60 have been steadily ramping up. As of October 31, 2024,
ONVO operated 166 ONVO Centers and ONVO Spaces across 60 cities,
while also providing users with seamless access to 584 NIO Power
Swap Stations in China. ONVO will continue to expand its sales,
service and power networks to serve a growing user base and drive
long-term growth.
About NIO Inc. NIO Inc. is a
pioneer and a leading company in the global smart electric vehicle
market. Founded in November 2014, NIO aspires to shape a
sustainable and brighter future with the mission of “Blue Sky
Coming”. NIO envisions itself as a user enterprise where innovative
technology meets experience excellence. NIO designs, develops,
manufactures and sells smart electric vehicles, driving innovations
in next-generation core technologies. NIO distinguishes itself
through continuous technological breakthroughs and innovations,
exceptional products and services, and a community for shared
growth. NIO provides premium smart electric vehicles under the NIO
brand, and family-oriented smart electric vehicles through the ONVO
brand.
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. 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 announcements, circulars or other
publications made on the websites of each of The Stock Exchange of
Hong Kong Limited (the “SEHK”) and the Singapore Exchange
Securities Trading Limited (the “SGX-ST”), 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
vehicles of sufficient quality and appeal to customers on schedule
and on a large scale; its ability to ensure and expand
manufacturing capacities including establishing and maintaining
partnerships with third parties; its ability to provide convenient
and comprehensive power solutions to its customers; the viability,
growth potential and prospects of the battery swapping, BaaS, and
NIO Assisted and Intelligent Driving and its subscription services;
its ability to improve the technologies or develop alternative
technologies in meeting evolving market demand and industry
development; 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 its vehicles; its
ability to control costs associated with its operations; its
ability to build its current and future brands; 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 and the announcements and filings on the websites of each
of the SEHK and SGX-ST. 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
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