AutoBeta(AutoBeta.net)06/05 Report--

With the gradual recovery of the automobile market, various large vehicle enterprises also came good news in May, all of which achieved substantial year-on-year growth. A few days ago, NIO Automobile, as a new force automobile enterprise, also took the lead in releasing the latest sales data, with a year-on-year increase of 215.5% in May.

Specifically speaking, NIO Automobile delivered 3436 new vehicles accumulatively in May, an increase of 215.5% year-on-year and a slight increase of 8.9% month-on-month, which also set a single-month delivery record for NIO. Among them, ES6 delivered 2685 sets and ES8 delivered 751 sets. Since ES6 was launched, it has been shouldering the task of main sales model, helping NIO to realize continuous growth. By May, the cumulative delivery number of NIO brand exceeded 40,000 sets, reaching 42342 sets.

For example, compared with the sales volume of NIO in the same period of last May, it is inevitable that the sales volume will increase by more than twice. After all, NIO, which was nicknamed "the worst" last year, only has a model ES8 that is not very cost-effective. Moreover, since the same period last year, it has frequently encountered spontaneous combustion incidents, resulting in the sales volume that was not outstanding becoming worse, and the sales volume has been greatly affected.

However, from this year's market performance to see, Since February the overall domestic auto market encountered epidemic control, Only led to market frustration and NIO sales volume appeared a sharp decline, And with the epidemic gradually realized effective control, NIO car has achieved month-on-month increase for three consecutive months, This also reflects the side of NIO delivery number is steadily climbing.

At the previous NIO first quarter earnings conference, NIO CEO Li Bin is confident about the performance of the second quarter, and said that the current new orders have returned to the pre-epidemic level, in the second quarter delivery volume or will reach 9500 to 10000 vehicles, or even reach a historical quarterly delivery high.

According to the latest sales performance of NIO in the second quarter, the cumulative delivery volume has reached 6591 vehicles. If the expected target is to be achieved, it means that NIO will deliver 2909 to 3409 new vehicles in June. According to the delivery volume performance in recent two months, it is not difficult to achieve it. Although there are signs that the overall market will return to decline in June, the market is in a declining market in February and March. NIO still shows stronger performance than passenger car market and new energy vehicle market.

For the delivery volume can not meet expectations, in Wei Lai seems to be due to limited production capacity, Li Bin also said that "Wei Lai is not selling well, but not producing so much", because affected by the supply chain, the current Hefei factory capacity is less than 4000 vehicles/month, but the supply chain is only about 3400 to 3500 units. Qin Lihong, president of NIO, also said that due to capacity constraints, sales of 3155 units in April were significantly less than expected. However, Li Bin also revealed that Wei Lai plans to increase the production capacity of the whole industry chain to 4500 to 5000 vehicles per month at the latest in September this year.

In any case, the increase of NIO output or sales volume indicates that the market demand of NIO Automobile is increasing, but for NIO at present, it is not only the problem of production and sales volume, but how to improve gross profit rate and reduce operating loss is the most important problem that the company needs to face.

According to NIO's previous financial report for the first quarter of 2020, the company's total revenue was 1.37 billion yuan, down 15.9% year-on-year; the net loss was 1.6918 billion yuan, down 40.9% month-on-month and 35.5% year-on-year. Although it was better than market expectations, it was still in the performance of "selling more and more".

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