{"id":243855,"date":"2023-11-01T16:19:34","date_gmt":"2023-11-01T16:19:34","guid":{"rendered":"https:\/\/automotobuzz.com\/?p=243855"},"modified":"2023-11-01T16:19:34","modified_gmt":"2023-11-01T16:19:34","slug":"nio-ev-sales-continued-to-grow-in-october-2023","status":"publish","type":"post","link":"https:\/\/automotobuzz.com\/car-reviews\/nio-ev-sales-continued-to-grow-in-october-2023\/","title":{"rendered":"NIO EV Sales Continued To Grow In October 2023"},"content":{"rendered":"<p>In October, NIO global electric car deliveries increased by almost 60 percent year-over-year to 16,074, which is a small improvement over September (15,641).<\/p>\n<p>However, the numbers still appear too low to make the business profitable, as NIO&#8217;s losses are estimated at around $35,000 per car. A real sales breakthrough would be needed for NIO to become profitable, it seems.<\/p>\n<p><em>The overwhelming majority of NIO sales are in China. The company is expanding its business in Europe too.<\/em><\/p>\n<p>The volume of 16,074 units last month includes 11,086 crossovers\/SUVs (up 85 percent year-over-year) and 4,988 sedans (up 22 percent year-over-year). Both categories have been growing in recent months, which is a positive sign. The company does not provide a breakdown between the individual models.<\/p>\n<p>NIO EV deliveries last month (YOY change):<\/p>\n<ul style=\"list-style-type: disc;\">\n<li>Crossover\/SUVs (EC6, ES6, EC7, ES7, ES8): 11,086 (up 85%)<\/li>\n<li>Sedans (ET5, ET5 Touring, ET7): 4,988 (up 22%)<\/li>\n<li>Total: 16,074 (up 60%)<\/li>\n<\/ul>\n<h3><span><svg class=\"arrow-heading\"><use xlink:href=\"https:\/\/insideevs.com\/design\/dist\/critical\/icons\/sprite-common-0-dc6b7de11d922cb73553899f27128303.svg#sqr-arrow\"\/><\/svg><\/span>NIO Car Sales \u2013 October 2023<\/h3>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/cdn.motor1.com\/images\/custom\/thumbnail\/nio-car-sales-october-2023.png\"><\/p>\n<p>So far this year, NIO delivered more than 126,000 electric vehicles, which is 33 percent more than a year ago.<\/p>\n<p>NIO EV deliveries year-to-date (YOY change):<\/p>\n<ul style=\"list-style-type: disc;\">\n<li>Crossover\/SUVs (EC6, ES6, EC7, ES7, ES8): 69,593 (down 4%)<\/li>\n<li>Sedans (ET5, ET5 Touring, ET7): 56,474 (up 186%)<\/li>\n<li>Total: 126,067 (up 36%)<\/li>\n<\/ul>\n<p>For reference, in 12 months of 2022, NIO sold more than 122,000 electric cars globally and hoped to double that result in 2023.<\/p>\n<p>Cumulatively, NIO sold 415,6239 electric cars, which is a major milestone for the brand that launched its first model in June 2018.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/cdn.motor1.com\/images\/static\/16x9-tr.png\"><\/p>\n<p>2023 NIO ES6 (NT2.0)<\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/cdn.motor1.com\/images\/static\/16x9-tr.png\"><\/p>\n<p>NIO ET5 Touring<\/p>\n<h3><span><svg class=\"arrow-heading\"><use xlink:href=\"https:\/\/insideevs.com\/design\/dist\/critical\/icons\/sprite-common-0-dc6b7de11d922cb73553899f27128303.svg#sqr-arrow\"\/><\/svg><\/span>Model Lineup<\/h3>\n<p>As we noted in September, the NIO has completed its model switchover from the NT1.0 to the NT2.0 platform and all models are now NT2.0-based and refreshed.<\/p>\n<p>NIO Technology (NT2.0) platform:<\/p>\n<ul style=\"list-style-type: disc;\">\n<li>Crossover\/SUV: new EC6, new ES6, EC7, ES7, new ES8<\/li>\n<li>Sedans: ET5, ET5 Touring (ET5T), ET7<br \/><em>*in Europe ES6 is EL6, ES7 is EL7<\/em><\/li>\n<\/ul>\n<p>NIO Technology (NT1.0) platform (retired):<\/p>\n<ul style=\"list-style-type: disc;\">\n<li>EC6, ES6, ES8<\/li>\n<\/ul>\n<p>Now is the time to ramp up production and sales and to develop new products, while at the same time expanding geographically.<\/p>\n<p>One of the most interesting things is that as of the end of October, NIO&#8217;s network of battery swap stations expanded to 2,079 stations globally (mostly in China, with a small number of sites in Europe), including 621 along expressways in China.<\/p>\n<p>Meanwhile, the NIO&#8217;s charging network consisted of 1,923 Power Charger Stations with 9,122 supercharging piles and 1,436 destination charging stations with 10,457 destination chargers.<\/p>\n<p>Source: <a href=\"https:\/\/insideevs.com\/news\/694214\/nio-ev-sales-october2023\/\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In October, NIO global electric car deliveries increased by almost 60 percent year-over-year to 16,074, which is a small improvement<\/p>\n","protected":false},"author":2,"featured_media":243854,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8 - 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