AutoBeta(AutoBeta.net)12/05 Report--

According to official sources, delivery of 2528 units in November reached a new high in 2019, with ES6 delivering 2067 units in November and ES8 accounting for 461 units, according to official sources.

However, by contrast, the delivery volume of Ulai has weakened. When only the ES8 electric car was sold in the same period last year, deliveries in November 2018 reached 3089, so delivery fell 18.16% in November 2019 compared with the same period a year earlier.

According to the data from January to November 2019, the number of units delivered by Lulai reached 17395, ES6 delivered a total of 8896 units, and ES8 delivered a total of 8499 units throughout the year.

Since sales began in June 2018, a total of 28743 units have been delivered by NIO so far.

In terms of products, the seven-seat and six-seat versions of ES8 sell for 448000 and 456000 respectively, and the mileage of the NEDC can be increased to 425km with an optional 84-degree battery pack of RMB 50, 000. The price range of ES6 is 35.8-498000 yuan, and the mileage can reach 420km-510km according to configuration and selection.

According to Xilai, the 2019 NIODay will be held in Shenzhen on December 28th, when a brand new model will be launched.

Li Bin, founder, chairman and CEO of Xilai, said: "We have achieved considerable sales results again in November, which depends on us relying on the new Kaiwei space NIO Space and constantly expanding our sales network. By the end of November, we and our partners have opened 37 space and 21 centers across the country, and our sales network has covered 41 cities across the country.

Li Bin added, "the strong sales performance of NIO also comes from the competitiveness of ES6 in the same luxury medium-sized SUV, as well as the active endorsement of regular users, who recommend buying cars is one of the important reasons for our rising sales. In addition, ES8 sales began to rebound, growing by more than 50 per cent month-on-month in November. As the more efficient space continues to open, we are also improving the sales performance of our existing stores, and we are full of confidence in future sales. "

In 2019, the company started to lay off staff, and there were frequent changes in the internal and senior levels. According to Xilai, by the end of 2019, it will cut the number to 7500 to improve operational efficiency. In terms of internal and high-level changes, Zhuang Li, vice president of automotive software development at Lulai, left on June 30; Zheng Xiancong, co-founder of Lulai, left on August 15 and will continue to serve as Li Bin's personal adviser after retirement; Xie Dongzhong, chief financial officer of CFO, resigned from the company for personal reasons on October 28th, and NIO immediately hired China International Capital Corporation auto analyst Feng Wei as the new CFO.

According to the financial report data released by NIO, NIO realized operating income of 1.508 billion yuan in the second quarter of 2019, with a net loss of 3.285 billion yuan belonging to shareholders of listed companies. Li Bin confirmed that NIO has actually lost about 22 billion yuan so far.

In terms of delivery data, NIO has increased month-on-month, and share prices have also risen. NIO shares closed at $2.42 as of December 4, Eastern time.

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