Nio September deliveries rise 81% M/M, Q3 shipments of 24,439 vehicles tops guidance

NIO delivered 10,628 vehicles in September 2021, an all-time high monthly record representing growth of 125.7% Y/Y and 80.7% M/M from August’s deliveries of 5,880 units.

The deliveries consisted of 1,978 ES8s, 5,260 ES6s, and 3,390 EC6s.

The company shipped 24,439 vehicles Q3 2021, representing an increase of 100.2% Y/Y, exceeding the revised guidance of ~22,500 to 23,500 vehicles.

As of September 30, 2021, cumulative deliveries of the ES8, ES6 and EC6 reached 142,036 vehicles.

On Sept. 30, 2021, Nio opened its NIO House and completed its first batch of vehicle deliveries in Norway.

Rival XPeng’s September deliveries rose 44% M/M to 10,412 EVs.

Author: Mamta Mayani, Seeking Alpha

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