AutoBeta(AutoBeta.net)05/14 Report--

NIO ES8 delivered 1139 units in April, down 234 units from 1373 units delivered in March, and NIO sales continued to decline. 1-4 In January, the delivery volume of NIO reached 5362 units, with a total cumulative delivery volume of 16710 units.

NIO will begin delivering the second model ES6 in June, priced at 358,000 - 458,000 yuan, with a comprehensive range of 420-510km. CEO Li Bin said ES6 is a strategic product that will enter a larger market segment and ensure that subsequent production delivery can meet market demand in time.

In 2018, NIO delivered 11348 ES8 units in the whole year, realizing revenue of 4.951 billion yuan and a net loss of 9.6 billion yuan, with a year-on-year increase of 92%. In addition, NIO decided to cancel plans to build its own factory in Jiading, Shanghai.

NIO, which is positioned as a mid-to-high-end brand, directly faces competition from Tesla. Since Model 3 entered China, NIO's market demand has been affected, and after domestic Tesla is officially put into production in China in the future, NIO will need more countermeasures.

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