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China’s NIO reported record deliveries of electric cars in December and 2021 as a whole
Chinese electric vehicle manufacturer NIO announces new record for monthly electric vehicle shipments in December. Monthly shipments grew 121% year-on-year to 7007 vehicles. A total of 2021 copies of the NIO ES8 model were delivered, 2493 — ES6 models and 2505 new EC6s. For comparison: in November, the company shipped 5,291 vehicles.
Electric car NIO EC6
The company noted that for the ninth month in a row it has reported more than twofold growth in shipments compared to the same period last year. “2021 was a difficult year for the whole world. Against this backdrop, NIO has consistently reached new heights and ended the year on a high note, delivering over 7,000 vehicles in December, ”said William Bin Li, Founder, Chairman and Chief Executive Officer of NIO.
In the IV quarter, the company delivered 17,353 vehicles, which is 111% more than the same period in 2021. This even exceeded the forecasts of the company itself, which was going to ship 16.5-17 thousand electric cars. The company said the result was driven by the growing recognition of the NIO brand, competitive and attractive products and services, and an expanded sales network.
NIO added that its Battery as a Service (BaaS) scheme has been popular with customers since the launch of the offering. It should be recalled that last year the company began the practice of selling electric vehicles without a traction battery according to the BaaS scheme. This lowers the initial cost of the electric vehicle by allowing the battery to be rented, paying off the cost gradually over the course of the year.
In total, the company delivered 43,728 vehicles in 2021, which is 112.6% more than in 2021. NIO becomes a serious competitor to Tesla in the huge Chinese market. By the way, on the next, already fourth «NIO Day», which will be held on January 9, the company is going to present a new sedan model, as well as talk about its latest developments in the field of autonomous driving and other technologies. The company noted that it is accelerating the development of new projects and continues to expand its sales and service network.
NIO’s Chinese competitor, Li Auto, previously reported monthly shipments of 6,126 Li ONE electric vehicles, up 31.9% from November and 529.6% from the same period last year.
Tesla, which reports its performance by quarter rather than month, said on Saturday that its worldwide shipments in the fourth quarter were 180,570 EVs — a 29.6% increase from the previous quarter and a 61.2% increase. than in the same period in 2021. Tesla delivered almost 0.5 million cars to customers in 2021.