{"id":75143,"date":"2024-08-01T15:44:19","date_gmt":"2024-08-01T19:44:19","guid":{"rendered":"https:\/\/autosector.com\/?p=75143"},"modified":"2024-08-01T15:44:19","modified_gmt":"2024-08-01T19:44:19","slug":"nio-crosses-20k-delivery-mark-third-straight-month-july","status":"publish","type":"post","link":"http:\/\/autosector.com\/?p=75143","title":{"rendered":"NIO (NIO) crosses the 20,000 EV delivery mark for the third straight month in July"},"content":{"rendered":"
\n\t\"NIO-20K-delivery\"<\/figure>\n

China\u2019s NIO<\/a> (NYSE: NIO) crossed the 20K delivery threshold for the third straight month in July. Despite intensifying competition, NIO continues to see strong demand in the world\u2019s largest EV market.<\/p>\n

<\/p>\n

NIO hits the 20K delivery threshold again in July 2024<\/h2>\n

NIO delivered 20,498 vehicles<\/a> last month, its third straight month above the 20K mark. Of them, 11,964 were electric SUVs, and 8,534 were EV sedans.<\/p>\n

Although NIO\u2019s deliveries were up slightly YOY, they were down from the record 21,209 units delivered <\/a>last month and 20,544 in May 2024. NIO has now delivered 107,924 EVs through the first seven months of 2024, up 44% compared to 2023.<\/p>\n

NIO\u2019s lineup includes five \u201cpremium smart\u201d electric SUVs: The EC6, EC7, ES6, ES7, and ES8. It also features three EV sedans: The ET5, ET5 Touring, and ET7.<\/p>\n

After NIO launched the new ET7 earlier this year, all models are now based on its NT 2.0 platform. The EV maker made waves after unveiling its new low-cost Onvo L60<\/a> last month.<\/p>\n

\"NIO-20K-delivery\"
NIO Onvo L60 launch event (Source: NIO<\/figcaption><\/figure>\n

As the first of its new mass-market Onvo brand, the L60 electric SUV will start at $30,500 (219,900 yuan) as the latest Tesla Model Y<\/a> challenger. NIO is expected to launch the Onvo L60 in China in September, with deliveries shortly after.<\/p>\n

NIO will add the new flagship ET9 to its lineup early next year, with sales expected to kick off in the first quarter of 2025.<\/p>\n

\"NIO-20K-Delivery\"
NIO stock chart from August 1, 2023 to August 1, 2024 (Source: TradingView)<\/figcaption><\/figure>\n

Despite delivering over 20,000 EVs again, NIO\u2019s stock is down nearly 10% on Thursday following the news. NIO shares are down 52% in 2024 and 72% over the past 12 months.<\/p>\n

The news comes after China\u2019s leading EV maker, BYD, sold a record 342K<\/a> new energy vehicles (NEVs) in July. However, BYD\u2019s EV sales slipped for the second straight month.<\/p>\n

Electrek\u2019s Take<\/h2>\n

With the launch of its new mass-market Onvo brand, NIO looks to build momentum into the end of 2024 and early 2025.<\/p>\n

Deutsche Bank analyst Wang Bin\u2019s team said in a note to investors last month that \u201cWe think Nio\u2019s expectation of monthly >20,000 unit delivery is achievable with a boost from Onvo.\u201d Meanwhile, the EV maker is already hitting the mark.<\/p>\n

The L60 is a mid-size electric SUV often compared to Tesla\u2019s best-selling Model Y. Next year, a larger Onvo electric SUV will debut, and more are on the way.<\/p>\n

Can NIO keep up the momentum as the competition intensifies in China? Let us know what you think in the comments.<\/p>\n

Source: CnEVPost<\/a>, NIO<\/em><\/p>\n

\n

FTC: We use income earning auto affiliate links.<\/em> More.<\/a><\/p>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

China\u2019s NIO (NYSE: NIO) crossed the 20K delivery threshold for the third straight month in July. Despite intensifying competition, NIO continues to see strong demand in the world\u2019s largest EV market. NIO hits the 20K delivery threshold again in July 2024 NIO delivered 20,498 vehicles last month, its third straight month above the 20K mark. […]<\/p>\n","protected":false},"author":1,"featured_media":8313,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[4],"tags":[],"class_list":["post-75143","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-e-cars"],"_links":{"self":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts\/75143","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=75143"}],"version-history":[{"count":0,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts\/75143\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/media\/8313"}],"wp:attachment":[{"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=75143"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=75143"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=75143"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}