NIO Achieves Record Vehicle Deliveries in December and Q4 2024

NIO reported record vehicle deliveries for December and Q4 2024, achieving a total of 671,564 vehicles to date.

Company Highlights

NIO Inc. celebrated a significant milestone with its December 2024 deliveries reaching 31,138 vehicles, a remarkable 72.9% increase from the previous year. In the fourth quarter, total deliveries climbed to 72,689, marking a 45.2% rise year-over-year. Over the entire year, NIO delivered 221,970 vehicles in 2024, resulting in a 38.7% growth. By the year’s end, cumulative deliveries stood at 671,564. At the recent NIO Day 2024, the company unveiled its new electric flagship model, the ET9, which is set for delivery in March 2025. Furthermore, NIO announced the upcoming launch of a new luxury electric vehicle brand called Firefly, expected to debut in April 2025.

Positive Aspects of NIO’s Performance

• December 2024 saw record-high deliveries of 31,138 vehicles, a 72.9% increase from the previous year.
• Q4 2024 deliveries reached a new record of 72,689 vehicles, reflecting a 45.2% rise year-over-year.
• NIO’s total annual deliveries for 2024 amounted to 221,970 vehicles, up by 38.7% compared to 2023.
• The introduction of the ET9 and Firefly models aims to broaden the company’s product offerings and market reach in 2025.

Challenges Ahead

• The press release includes many forward-looking statements that present risks and uncertainties, which may lead to apprehensions among investors regarding future stability.
• While achieving record deliveries is commendable, NIO has not detailed plans to enhance production capacity to satisfy the growing demand, indicating potential operational hurdles.
• The report lacks information on profitability or the financial health of the company, raising questions about NIO’s ability to generate profits despite increasing sales.

Frequently Asked Questions

What were NIO’s delivery figures for December 2024?

NIO delivered 31,138 vehicles in December 2024, representing a 72.9% year-over-year increase.

How many vehicles did NIO deliver in 2024?

The company delivered 221,970 vehicles in 2024, marking a 38.7% increase year-over-year.

What was the percentage increase in NIO’s Q4 2024 deliveries?

NIO saw a 45.2% increase in deliveries for Q4 2024 compared to the same quarter in the previous year.

When will the NIO ET9 be delivered?

Deliveries of the NIO ET9 are expected to start in March 2025.

What is the focus of the Firefly brand?

The Firefly brand is designed to offer innovative high-end electric vehicles, combining vivid design with thoughtful user experiences.

Disclaimer: This summary is generated from a press release published by GlobeNewswire. The AI may contain errors. Access the full release here.

NIO Hedge Fund Insights

Recently, 165 institutional investors chose to add shares of $NIO to their portfolios, while 220 reduced their holdings in the past quarter.

Here are some notable changes:

• BLACKROCK, INC. reduced its shares by 55,361,668 (-91.6%) in Q3 2024.
• STATE STREET CORP reduced its shares by 18,825,554 (-85.8%) in Q3 2024.
• RENAISSANCE TECHNOLOGIES LLC increased its shares by 12,236,000 (+4729.8%) in Q3 2024.
• MILLENNIUM MANAGEMENT LLC added 9,309,333 shares (+196.3%) in Q3 2024.
• GEODE CAPITAL MANAGEMENT, LLC decreased its shares by 7,417,861 (-94.1%) in Q3 2024.
• HSBC HOLDINGS PLC reduced its shares by 7,246,704 (-80.4%) in Q3 2024.
• POINT72 ASSET MANAGEMENT, L.P. removed 6,464,246 shares (-100.0%) in Q3 2024.

For more insights on hedge fund activities, visit Quiver Quantitative’s institutional holdings dashboard.

Detailed Delivery Achievements

This company has reached new record-high delivery numbers.

• 31,138 vehicles delivered in December 2024, up 72.9% year-over-year.
• 72,689 vehicles delivered in Q4 2024, an increase of 45.2% year-over-year.
• 221,970 total vehicles delivered in 2024, reflecting a 38.7% year-over-year gain.
• Cumulative deliveries reached 671,564 as of December 31, 2024.

SHANGHAI, China, Jan. 01, 2025 (GLOBE NEWSWIRE) – NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO), a key player in the smart electric vehicle market, has announced its delivery results for December, Q4, and the full year of 2024.

In December 2024, the company delivered 31,138 vehicles, setting a new monthly record with a 72.9% growth from a year earlier. This included 20,610 vehicles from NIO’s premium brand and 10,528 from its family-oriented ONVO brand. For Q4 2024, 72,689 vehicles were delivered, marking a yearly increase of 45.2%. The total vehicles delivered in 2024 amounted to 221,970, which underscores a 38.7% growth. Overall cumulative deliveries now stand at 671,564.

During NIO Day 2024, the company launched the ET9, its flagship electric model, featuring advanced technologies that enhance user experience in multiple areas. Delivery of the ET9 is set for March 2025.

Simultaneously, the company unveiled the Firefly brand, a new line of small, high-end electric vehicles, which will showcase NIO’s commitment to innovation in design and technology. The first Firefly model is expected to launch in April 2025.

About NIO Inc.

Founded in November 2014, NIO Inc. aims to lead the smart electric vehicle market. The company’s mission, “Blue Sky Coming,” emphasizes sustainability and innovation in technology and user experience. NIO’s offerings include premium smart electric vehicles under the NIO brand, family-oriented vehicles through the ONVO brand, and high-end electric cars via the Firefly brand.

Safe Harbor Statement

This press release contains statements that involve risks and uncertainties…

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NIO’s Forward-Looking Statements: What Investors Should Know

Understanding NIO’s Projections and Risks

NIO, a key player in the electric vehicle market, often makes “forward-looking” statements as outlined under the U.S. Private Securities Litigation Reform Act of 1995. These statements can be recognized by words like “will,” “expects,” “anticipates,” and “believes.” Such remarks are crucial as they provide insight into the company’s future intentions and goals.

The company may share these statements in various formats, including:

• Periodic reports to the U.S. Securities and Exchange Commission (the “SEC”).
• Annual reports to shareholders.
• Announcements on the websites of The Stock Exchange of Hong Kong Limited (the “SEHK”) and Singapore Exchange Securities Trading Limited (the “SGX-ST”).
• Press releases and verbal statements from company officials.

It’s important to note that forward-looking statements are not guaranteed forecasts. They carry certain risks and uncertainties that may lead to actual results differing from projections. Key factors influencing NIO’s future performance include:

• The effectiveness of NIO’s strategies.
• Development of new vehicles meeting market demands.
• Manufacturing capabilities and partnerships.
• Power solutions for customers.
• The success of NIO’s battery swapping and subscription services.
• Compliance with safety regulations.
• Supply chain stability for raw materials and vehicle components.
• The company’s capacity to build brand recognition.
• Overall economic conditions, both globally and in China.

For a deeper understanding of these risks and to stay informed, investors can refer to NIO’s filings with the SEC as well as updates on the SEHK and SGX-ST websites. The company emphasizes that the information provided is accurate as of the release date and does not commit to further updates unless required by law.

For more information, please visit: http://ir.nio.com

Investor Relations
ir@nio.com

Media Relations
global.press@nio.com

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