NIO Inc. reports August deliveries up 104.1% to 3,965 vehicles - InvestingChannel

NIO Inc. reports August deliveries up 104.1% to 3,965 vehicles

NIO Inc. said it delivered 3,965 vehicles in August, representing 104.1% year-over-year growth. The deliveries consisted of 2,840 ES6s and 1,125 ES8s. As of August 31, cumulative deliveries of the ES8 and the ES6 reached 53,580 vehicles, of which 21,667 were delivered in 2020. “In August, we achieved our best-ever monthly performance on both deliveries and order growth,” said William Bin Li, founder, chairman, and chief executive officer of NIO. “As we continue to improve the production capacity for all NIO products, our monthly capacity will reach 5,000 units in September to support our future deliveries. With the closing of our recently announced ADS offering, we have further enhanced our balance sheet and optimized our capital structure to be better prepared for the acceleration of our core technology development, autonomous driving in particular, and the global market expansion in the future.”