NIO Inc. provides delivery update for December, fourth quarter and full 2024. Investing.com

The company achieved new record monthly and quarterly deliveries

• In December 2024, 31,138 vehicles were delivered, which is an increase of 72.9% compared to the previous year
• 72,689 vehicles were delivered in the three months ending December 2024, which is an increase of 45.2% compared to the previous year
• In 2024, a total of 221,970 vehicles were delivered, which is an increase of 38.7% compared to the previous year
• Cumulative deliveries reached 671,564 by December 31, 2024

SHANGHAI, China, Jan. 1, 2025 (GLOBE NEWSWIRE) — NIO Inc (NYSE:). (NYSE: NIO; HKEX: 9866; SGX: NIO) (NIO or the Company), a pioneer and leader in the global smart electric vehicle market, today announced its December, fourth quarter and full year 2024 delivery results.

The company delivered 31,138 vehicles in December 2024, a new monthly record, representing an increase of 72.9% compared to the previous year. The deliveries consisted of 20,610 vehicles from the premium smart electric vehicle company NIO and 10,528 vehicles from the family-oriented smart electric vehicle company ONVO. The company delivered 72,689 vehicles in the fourth quarter of 2024, a new quarterly record, representing a 45.2% year-over-year increase. For the full year 2024, the Company delivered 221,970 vehicles, which reflects an increase of 38.7% compared to the previous year. Cumulative deliveries reached 671,564 by December 31, 2024.

NIO Day 2024 saw the official launch of the NIO ET9, our smart electric executive flagship. ET9 integrates all of NIO’s technology capabilities in 12 areas, offering superior user experiences in design, space, comfort, sound, intelligent systems, assisted and intelligent driving, safety, propulsion and overall driving performance. ET9 deliveries are expected to begin in March 2025.

During the event, Firefly, our small, smart, premium electric car brand, was officially launched. Built on NIO’s R&D expertise, design capabilities, safety standards and intelligent technologies, the firefly embodies the brand’s DNA of colourful, thoughtful and tough. Inspired by the spirit of freedom of brilliance, Firefly aims to provide global users with a vivid driving experience and a thoughtfully designed, solid living space. The official launch of the Firefly model is expected in April 2025.

About NIO Inc.
NIO Inc. is a pioneer and leading company in the global smart electric vehicle market. Founded in November 2014, NIO strives to shape a sustainable and brighter future with the mission of Blue Sky Coming. NIO envisions itself as a customer company where innovative technology meets excellence in experience. NIO designs, develops, manufactures and markets smart electric vehicles, driving innovation in core next-generation technologies. NIO is distinguished by constant technological advances and innovations, exceptional products and services, and a community for mutual growth. NIO offers premium smart electric vehicles under the NIO brand, family-oriented smart electric vehicles through the ONVO brand, and small smart premium electric cars under the FIREFLY brand.

Safe harbor statement
This press release contains statements that may constitute forward-looking statements under the safe harbor provisions of the US Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by terminology such as are will, expects, predicts, aims, future, intends, plans, believes, estimates, probably will and similar statements. NIO may also make written or oral forward-looking statements in its periodic reports to the US Securities and Exchange Commission (SEC), in its annual report to shareholders, in announcements, circulars or other publications posted on the websites of each of the shares. Exchange Hong Kong Limited (SEHK) and Singapore Exchange (OTC:) Securities Trading Limited (SGX-ST), in press releases and other written materials and oral statements of its officers, directors or employees to third parties. Statements that are not historical facts, including statements about NIO’s beliefs, plans and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: NIO’s strategies; future business development of NIO, financial condition and results of operations; NIO’s ability to develop and produce vehicles of sufficient quality and attract customers on schedule and to a large extent; its ability to secure and expand production capacity, including establishing and maintaining partnerships with third parties; its ability to provide practical and comprehensive energy solutions to its customers; the viability, growth potential and prospects of battery replacement, BaaS and NIO Assisted and Intelligent Driving and its subscription services; its ability to improve technologies or develop alternative technologies to meet growing market demand and industry developments; NIO’s ability to meet prescribed safety standards relating to motor vehicles; its ability to secure the supply of raw materials or other components it uses in its vehicles; its ability to secure sufficient bookings and sales of its vehicles; its ability to control the costs associated with its operations; its ability to build its current and future brands; general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in NIO’s SEC filings and announcements and filings on the websites of each of the SEHK and SGX-ST. All information provided in this press release is as of the date of this press release, and NIO undertakes no obligation to update any forward-looking statement, except as required by applicable law.

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Source: NIO Inc.