NIO has reached the milestone of selling 200,000 cumulative electric vehicle (EV) deliveries.
It’s a significant milestone that many expected this Chinese startup company would never reach.
NIO launched the EP9 in 2016, but the EP9 is clearly not a mass market vehicle (it’s a high-end sports car). NIO launched its first somewhat-mass-market vehicle, the ES8 SUV, in mid-2018.
So, NIO ramp-up to 200,000 cumulative EV deliveries sales is actually very similar to XPeng’s ramp-up.
However, as one person responding to the news pointed out, NIO has not seen nearly the growth in sales recently that some of its Chinese competitors have seen.
One month does not tell the full story, though.
NIO is based in Shanghai, which was recently hit quite hard by Covid-19 lockdowns.
NIO ET5 is about to arrive, and as has always been the case in the auto industry, a hot new vehicle or even just an update to a vehicle model can dampen sales of other options from the company.
The biggest take-home point is that Chinese EV startups are shining bright and growing strong.