NIO Delivered 7,007 vehicles in Dec., Invest 3 billion in five years, NIO releases used car business system


On January 3, NIO announced the number of deliveries for December 2020 and the whole year. According to the data, NIO delivered 7007 new cars in December, an increase of 32.4% from the previous month, setting a new high for the brand’s monthly deliveries for the fifth consecutive month; a year-on-year increase of 121.0%, doubling year-on-year for the ninth consecutive month since April this year. So far, NIO delivered 43,728 units in 2020, a year-on-year increase of 112.6%.

All three NIO SUV models on sale delivered good results in December. Among them, the new smart electric flagship SUV NIO ES8 was delivered in 2009 vehicles, a record high since its launch; the smart electric all-round SUV NIO ES6 delivered 2,493 units; The electric coupe SUV NIO EC6 delivered 2,505 units, which also set a new high since its launch, and continues to lead the high-end coupe SUV market.

In the fourth quarter of 2020, NIO delivered a total of 17,353 units, an increase of 42.2% quarter-on-quarter and 111.0% year-on-year, exceeding the upper limit of previous financial reporting guidelines. In the whole year of 2020, NIO has delivered 43,728 units, an increase of 112.6% year-on-year, and a total of 75,641 units have been delivered since June 2018.

NIO Delivered 7,007 vehicles in Dec., Invest 3 billion in five years, NIO releases used car business system

NIO Released Used-Car System

Among the more than 75,000 users of NIO, some demand for car replacement has been generated, and the second-hand car service system was born under this background. NIO plans to invest 3 billion yuan in personnel, business, service and other aspects in five years.

Li Bin made a comparison at the press conference. According to the data, the value retention rate of NIO and BBA (Benz, BMW & Audi) basically maintained the same level. He said that the core of the used car business is the protection of the greatest interests of existing users. In addition, NIO is about to release new cars and release the used car system in advance, which is also of reference value for users who want to purchase more or redeem.

Li Bin introduced that NIO’s second-hand car business is not profitable. In the long run, it hopes to be self-sufficient and have some meager profits; the core goal is to protect the interests of existing car owners; the business logic is to provide good service throughout the life cycle of users to ensure no price cuts for new cars.