Chinese automaker NIO reportedly set a new monthly record with 14,178 electric vehicle sales in November, as per InsideEVs. Notably, this figure represents a 30% YoY increase.
It is worth noting that the November results are the automaker’s sixth straight five-digit record. That said, there is a high possibility that December’s results will deliver even higher sales figures.
NIO car sales in November 2022
China accounts for the vast majority of NIO sales.
NIO crossover/SUV sales fell by 26% YoY to 8,003 in November. Meanwhile, NIO’s new sedan category grew to a record-breaking 6,175 units.
Furthermore, the three newest models accounted for a large percentage of NIO’s sales last month, approximately 80%. The ES7 sold 4,897 units, ET7 sold 3,207 units, and the ET5 sold 2,968 units.
YoY sales results:
· Crossover/SUVs (EC6, ES6, ES7, ES8): 8,003 (down 26% year-over-year)
including 4,897 ES7
· Sedans (ET5, ET7): 6,175 (new)
including 3,207 ET7 and 2,968 ET5
· Total: 14,178 (up 30% year-over-year)
YTD sales results:
NIO has sold more than 106,000 electric vehicles worldwide so far this year:
· Crossover/SUVs (EC6, ES6, ES7, ES8) YTD: 80,756 (down 0.2% year-over-year)
· Sedans (ET5, ET7) YTD: 25,915 (new)
· Total YTD: 106,671 (up 32% year-over-year)
As per the report, the Chinese automaker sold 273,741 EVs in total, including more than 117,000 in the previous 12 months.
NIO’s EV portfolio
NIO currently offers six electric vehicle models: the EC6, ES6, ES7, ES8, ET5, and ET7.
Notably, the JAC-NIO Advanced Manufacturing Center in Hefei produces all other than the ET5. Therefore, the automaker’s second factory at NeoPark is where the ET5 is produced.
On the other hand, the first-gen platform is the foundation for the EC6, ES6, and ES8. Meanwhile, the NT 2.0 platform is the foundation for ES7, ET5, and ET7.
Global expansion
It is not surprising that NIO aims to penetrate international markets. This year, along with Norway, it began with numerous European nations, including Germany, the Netherlands, Denmark, and Sweden.
In addition to these, the UK, Switzerland, Austria, Belgium, and Luxembourg will be added in 2023
Along with the start of customer deliveries, the automaker recently opened its first battery swap facility in Sweden.
