NIO Inc. Provides December, Fourth Quarter and Full Year 2024 Delivery Update
Rhea-AI Summary
NIO reported strong delivery numbers for December 2024, achieving a new monthly record of 31,138 vehicles, up 72.9% year-over-year. The deliveries included 20,610 vehicles from NIO's premium brand and 10,528 from ONVO brand. Fourth quarter deliveries reached a record 72,689 vehicles, increasing 45.2% year-over-year.
For full year 2024, NIO delivered 221,970 vehicles, up 38.7% from 2023, bringing cumulative deliveries to 671,564. The company also launched its new smart electric executive flagship, the ET9, at NIO Day 2024, with deliveries expected in March 2025. Additionally, NIO introduced 'firefly', a new small, smart, high-end electric car brand, with its first model launch planned for April 2025.
Positive
- Record monthly deliveries of 31,138 vehicles in December 2024 (+72.9% YoY)
- Record quarterly deliveries of 72,689 vehicles in Q4 2024 (+45.2% YoY)
- Annual deliveries grew 38.7% to 221,970 vehicles in 2024
- Launch of new premium ET9 model expanding product portfolio
- Introduction of new 'firefly' brand targeting high-end small car segment
Negative
- None.
News Market Reaction – NIO
On the day this news was published, NIO gained 4.36%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Company Achieved New Record-High Monthly and Quarterly Deliveries
- 31,138 vehicles were delivered in December 2024, increasing by
72.9% year-over-year - 72,689 vehicles were delivered in the three months ended December 2024, increasing by
45.2% year-over-year - 221,970 vehicles were delivered in 2024 in total, increasing by
38.7% year-over-year - 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) (“NIO” or the “Company”), a pioneer and a leading company 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 high, representing an increase of
At NIO Day 2024, the NIO ET9, our smart electric executive flagship was officially launched. The ET9 integrates NIO’s full-stack technological capabilities across 12 areas, offering flagship experiences to users in design, space, comfort, audio, intelligent systems, assisted and intelligent driving, safety, powertrain, and overall driving and riding performance. Deliveries of the ET9 are expected to commence in March 2025.
During the event, firefly, our small, smart, high-end electric car brand, was officially launched. Built upon NIO’s expertise in research and development, design capabilities, safety standards, and intelligent technologies, firefly embodies the brand’s DNA of being “vivid, thoughtful and solid.” Inspired by the spirit of “freedom to glow,” 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 a leading company in the global smart electric vehicle market. Founded in November 2014, NIO aspires to shape a sustainable and brighter future with the mission of “Blue Sky Coming”. NIO envisions itself as a user enterprise where innovative technology meets experience excellence. NIO designs, develops, manufactures and sells smart electric vehicles, driving innovations in next-generation core technologies. NIO distinguishes itself through continuous technological breakthroughs and innovations, exceptional products and services, and a community for shared growth. NIO provides premium smart electric vehicles under the NIO brand, family-oriented smart electric vehicles through the ONVO brand, and small smart high-end electric cars with the FIREFLY brand.
Safe Harbor Statement
This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to” and similar statements. NIO may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in announcements, circulars or other publications made on the websites of each of The Stock Exchange of Hong Kong Limited (the “SEHK”) and the Singapore Exchange Securities Trading Limited (the “SGX-ST”), in press releases and other written materials and in oral statements made by 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; NIO’s future business development, financial condition and results of operations; NIO’s ability to develop and manufacture vehicles of sufficient quality and appeal to customers on schedule and on a large scale; its ability to ensure and expand manufacturing capacities including establishing and maintaining partnerships with third parties; its ability to provide convenient and comprehensive power solutions to its customers; the viability, growth potential and prospects of the battery swapping, BaaS, and NIO Assisted and Intelligent Driving and its subscription services; its ability to improve the technologies or develop alternative technologies in meeting evolving market demand and industry development; NIO’s ability to satisfy the mandated safety standards relating to motor vehicles; its ability to secure supply of raw materials or other components used in its vehicles; its ability to secure sufficient reservations and sales of its vehicles; its ability to control 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 filings with the SEC and the 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 does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
For more information, please visit: http://ir.nio.com
Investor Relations
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Media Relations
global.press@nio.com
FAQ
How many vehicles did NIO deliver in December 2024?
What was NIO's total delivery count for Q4 2024?
How many vehicles did NIO deliver in full year 2024?
When will NIO begin deliveries of the new ET9 model?
What is NIO's cumulative delivery count as of December 31, 2024?
When will NIO launch its new 'firefly' brand model?
